TechFlow news, June 9 — According to Eleanor Terrett's disclosure, several prominent blockchain and cryptocurrency organizations have issued a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) into the revised CLARITY Act. The legislation aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict oversight over custodial financial institutions. The joint statement notes that the updated bill builds on FinCEN’s 2019 guidance, clarifying that developers and infrastructure providers should not be regulated as money transmitters when they do not control customer funds. Signatories include industry leaders such as Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and Uniswap Labs, who expressed gratitude to lawmakers including Chair Hill, Chair Steil, Majority Whip Emmer, and Representative Torres.
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