Last night, reporter Eleanor Terrett disclosed on social media platform X that the Blockchain Regulatory Certainty Act (BRCA) has officially been incorporated into the newly introduced Digital Asset Market Clarity Act (CLARITY Act). Organizations such as the DeFi Education Fund, Coin Center, and Solana Policy Institute have once again issued a joint statement expressing their welcome.
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Joint Statement from Blockchain Organizations
On June 5, blockchain organizations including the DeFi Education Fund, Coin Center, and Solana Policy Institute published a joint statement urging the U.S. Congress to incorporate the bipartisan Blockchain Regulatory Certainty Act (BRCA) into market structure legislation. They emphasized in their statement:
As the urgent development of digital asset regulation in the United States unfolds, it is crucial to remember that developers of peer-to-peer, non-custodial software, and infrastructure providers enabling decentralized networks have almost no commonality with traditional financial institutions and should not be regulated as such. The Blockchain Regulatory Certainty Act recognizes this reality, ensuring that software developers or blockchain service providers who do not control or custody customer funds are not improperly required to register as ‘money transmitters’ or held liable for not registering.
We strongly urge the House of Representatives to include the Blockchain Regulatory Certainty Act in the 2025 Digital Asset Market Clarity Act to ensure that innovators across the United States can safely build financial infrastructure domestically.
BRCA Incorporated into CLARITY Act
Just last night, journalist Eleanor Terrett revealed on social media platform X that the Blockchain Regulatory Certainty Act (BRCA) has officially been incorporated into the newly introduced Digital Asset Market Clarity Act (CLARITY Act). According to a statement posted by Eleanor Terrett, ten major institutions and organizations, including the DeFi Education Fund, Coin Center, and Solana Policy Institute, once again issued a joint statement expressing their welcome. They noted in their statement:
We are pleased to see the Blockchain Regulatory Certainty Act (BRCA) included in the newly launched CLARITY Act. This is an important step in protecting non-custodial, peer-to-peer technology developers while maintaining strict regulation of custodial financial institutions.
The updated bill is based on the 2019 guidance from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), clarifying that when developers and infrastructure providers do not control customer funds, they should not be classified as money transmitters for regulatory purposes, achieving a prudent balance between regulation and innovation.
What are the Blockchain Regulatory Certainty Act (BRCA) and the CLARITY Act?
The Blockchain Regulatory Certainty Act (BRCA), reintroduced by Representatives Tom Emmer and Ritchie Torres on May 21, 2025, is a bipartisan bill aimed at providing legal protection for non-custodial blockchain participants (such as software developers, miners, validators, and wallet providers) from undue financial regulation. The bill explicitly states that if blockchain participants do not control or custody customer funds, they should not be classified as ‘money transmitters,’ thus exempting them from related registration requirements and legal liabilities. The BRCA is based on FinCEN’s 2019 guidance and is designed to promote blockchain technology innovation, preventing American tech talent and businesses from relocating overseas due to regulatory uncertainty.
The Digital Asset Market Clarity Act (CLARITY Act) is a broader piece of legislation proposed by House Financial Services Committee member ### French Hill on May 29, 2025, aimed at establishing a comprehensive regulatory framework for the digital asset market. The bill clarifies the roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital asset regulation and requires digital asset companies to provide disclosure information to customers and segregate customer funds. The CLARITY Act seeks to address regulatory gray areas in the digital asset market, promote innovation while protecting consumers.
The incorporation of BRCA into the CLARITY Act marks a significant advancement in the U.S. Congress regarding digital asset regulation. This integration reflects legislators’ recognition of the decentralized nature of blockchain technology, attempting to maintain strict regulation of custodial financial institutions while protecting non-custodial technology developers. Industry experts believe that the inclusion of BRCA may attract more institutional investors into the digital asset market, reduce market volatility caused by regulatory uncertainty, and promote domestic blockchain innovation.
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