Joint Statement on the Blockchain Regulatory Certainty Act

‍June 5, 2025 — The following is a joint statement from DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Paradigm, and Bitcoin Policy Institute:

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We are united in our commitment to protecting the software developers building our financial future. Today, DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Paradigm, and Bitcoin Policy Institute speak to Congress with one voice: include the bipartisan Blockchain Regulatory Certainty Act (BRCA) in market structure legislation. 

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As much-needed digital asset regulation develops in the United States, it is critically important to remember that developers creating peer-to-peer, non-custodial software and the infrastructure providers who enable decentralized networks have little in common with traditional financial institutions and should not be treated as such. The BRCA acknowledges this reality and ensures that when software developers or blockchain service providers do not control or custody customer funds, they are not inappropriately required to register as “money transmitting businesses” or liable for failing to do so. 

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Thank you to Rep. Tom Emmer, Rep. Ritchie Torres, and their staff for their leadership on this issue. We strongly encourage the House of Representatives to include the BRCA in the Digital Asset Market Clarity Act of 2025, and ensure that innovators across America can safely build financial infrastructure here – at home.

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