Eight American encryption groups announce the inclusion of BRCA in the new draft clarity law
Eight associations in the main American encryption industry announced in a joint statement on Monday that the Blockchain (BRCA) regulatory law has been included in the newly submitted version of the Clarity Law. The associations said that the initiative is a step forward to protect developers from non -guardian technologies, from peers while maintaining strong supervision of guardianship financial institutions.
Group male The updated draft law reflects an accurate balance – based on the 2019 Final instructions to clarify that developers and infrastructure service providers such as money transmitting devices should not be organized when they do not control customer money. Coin Center argued that it was more important than ever because the Ministry of Justice, through its trials, ignored its instructions.
BRCA aims to help software developers
🥳 The new text law of clarity in the House of Representatives includes a clarity of the non -guardian Devs on the issue of transferring unlicensed funds. Fincen 2019 directives! Thank you Repfrenchhilland RepbryansteilOf course, BRCA original shepherds Gopmajoritywhip and Repritchie! https://t.co/dtxanunsxn
– Peter Van Valcinberg (@valkenburgh) June 8, 2025
A group of prominent encryption policies in Washington Release A joint statement indicates that Congress has combined BRCA into the legislation of the market structure. The associations include the currency center, the Divie Education Fund, the Solana Policy Institute, the Digital Chamber, the Bluchin Association, the Innovation Curd Council, the Bitcoin Policy Institute, a model, the UniWAP laboratories, and the Jump Crypto.
Institutions have noted that developers in the United States are creating counterparts to analogy, non -expanded, and infrastructure providers who provide decentralized networks do not share with traditional financial institutions and should not be dealt with in this way. According to Blockchain, BRCA Confess This reality ensures that when the program developers do not control customer funds or custody, they are not required to register as money transfer companies.
Tomormer at the beginning Proposal The amendment on May 21 has since received support from the two parties, including Senator Richie Torres. The draft law aims to include clear protection for software developers and companies that support decentralized networks.
“Our draft law brings a long clarity to the ecosystem of digital assets, gives priority to the protection of American consumer and innovation, and builds our work at the 118th conference.”
-French Hill, Chairman of the Financial Services Committee in the House of Representatives.
Hill presented the law of clarity on May 29, and admitted that it aims to create an organizational framework for encryption origins in the United States, providing the long -awaited clarity and protection for this industry. The Financial Services Committee has determined a sign of the clarity law on June 10, 2025, along with several bills.
EMMER argued that the United States should be the global house for responsible innovation, and not the place where developers are punished for building open source programs or experimenting with new technologies. It also believes that legislation protects innovation, supports civil rights, and enhances the global competitiveness of the United States in the twenty -first century economy.
The Clarity Law focuses on dividing the responsibilities between the Securities and Stock Exchange Committee (SEC) and the CTFC Futures Trading Committee (CTFC) regarding the regulation of digital assets. On June 2Also group required The Congress to refrain from adding new sections to the Stablecoin Law, the Genius Law, which they feared It can delay progress.
The genius law was submitted to the Senate for approval
The Refreshment Projects Report indicated that the genius law can enhance the dominance of the US dollar in WEB3 by implementing the support and compliance of Stablecoin 1: The US Stablecoin (Genius) law aims to define clear rules to ensure Stablecoin guarantees and compliance with the anti -money laundering laws.
The legislation made the draft law at 66-32 votes on May 20, setting the first regulatory framework for Stablecoins. The bill has obtained tight concerns among Democrats regarding the relationship between Trump’s encryption transactions and World Liberty Financial. Legislation It includes A item prohibits any member of the Congress or a senior executive official from the issuance of the Stablecoin product to pay during their time in public service.
Other Democrats in the Senate also submitted draft laws targeting the Trump family’s encryption to prevent the president from obtaining deals. Senator Michael Bennett plans for Colorado to propose a stable law, which will prevent elected officials and federal candidates from issuing or supporting digital assets, as an amendment to the law of genius.
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