A coalition of eight leading U.S.-based crypto organizations has officially thrown its support behind the Blockchain Regulatory Certainty Act (BRCA) as part of the broader CLARITY Act, a legislative proposal aiming to bring structural coherence to the digital asset industry.
In a joint statement released on June 5, 2025, policy groups and companies including Coin Center, DeFi Education Fund, Solana Policy Institute, Uniswap Labs, Jump, Paradigm, and others, called for the inclusion of the BRCA’s language in the updated version of the CLARITY Act. Their endorsement reflects growing industry alignment around the need for clear legal distinctions between custodial financial institutions and non-custodial blockchain software providers.
Defining Non-Custodial Innovation
At the heart of the support is the BRCA’s non-custodial exemption clause. The legislation builds upon a 2019 FinCEN advisory, which clarified that developers who simply write code or build infrastructure—without taking control of user funds—should not be classified as money transmitters.
By codifying this principle into federal law, the bill seeks to eliminate the legal uncertainty that currently hangs over developers of decentralized technologies, such as wallets, smart contracts, and peer-to-peer protocols. Advocates argue this step is vital to fostering innovation while allowing appropriate oversight for custodial entities that directly handle user assets.
“Developers of non-custodial, peer-to-peer blockchain technology do not pose the same risk profile as custodians and should not be regulated as such,” the statement reads.
A Balance Between Innovation and Regulation
The updated CLARITY Act, which incorporates the BRCA, is being hailed as a balanced approach that protects consumers without stifling U.S.-based innovation in DeFi, smart contracts, and other permissionless technologies. Lawmakers behind the legislation—Representatives Tom Emmer and Ritchie Torres—are being credited for advancing a pro-innovation framework that avoids overreach.
The joint statement also praised Chairmen French Hill, Bryan Steil, Majority Whip Tom Emmer, and Rep. Ritchie Torres for their roles in advancing the bill.
This latest development adds momentum to an ongoing industry and legislative push to modernize outdated financial laws that were written long before the advent of blockchain technology.
What’s Next?
The CLARITY Act’s success could provide the legal foundation necessary for the growth of decentralized systems in the U.S., giving developers and entrepreneurs confidence to innovate without fear of prosecution or regulatory confusion.
While the bill still needs to pass through multiple legislative hurdles, its growing support among both industry leaders and policymakers signals a potentially pivotal shift in U.S. crypto regulation.
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