🚨NEW: In a notable display of unity, eight of the biggest crypto policy organizations in Washington D.C. have issued a joint statement calling on Congress to include the Blockchain Regulatory Certainty Act (BRCA) in market structure legislation.
The groups — @fund_defi, @coincenter @SolanaInstitute, @DigitalChamber, @BlockchainAssn, @crypto_council, @btcpolicyorg and @paradigm — say the amendment is essential to protecting software developers and infrastructure providers who do not custody customer funds.
The amendment, originally introduced by @GOPMajorityWhip and now with bipartisan support from @RepRitchie, is being viewed by many in the industry as a foundational policy safeguard for DeFi developers.
“It’s critically important that we don’t treat open-source developers like traditional financial institutions,” one policy lead told me. “The BRCA draws that line clearly and protects innovation.”
The joint statement urges lawmakers to include the BRCA in the CLARITY Act, the House’s digital asset market structure bill, which is expected to be marked up next week.
Full statement here ⬇️