TechFlow news, June 5 — According to former Forbes business journalist Eleanor Terrett, eight major cryptocurrency policy organizations in Washington, D.C. have issued a joint statement urging Congress to include the Blockchain Regulatory Determination Act (BRCA) in market structure legislation.
The eight groups—Decentralized Finance Foundation, Coin Center, Solana Institute, Digital Chamber of Commerce, Blockchain Association, Crypto Council, Bitcoin Policy Institute, and Paradigm—emphasized that the amendment is critical for protecting software developers and infrastructure providers who do not custody customer funds.
Originally introduced by the Republican whip, the amendment now enjoys bipartisan support and is seen within the industry as foundational policy protection for decentralized finance developers. The joint statement urges lawmakers to incorporate BRCA into the House's digital asset market structure bill, the CLARITY Act.
