PANews June 5 reported that, according to crypto journalist Eleanor Terrett, eight top Washington crypto policy organizations, including the DeFi Education Fund, Coin Center, Solana Policy Research Institute, Digital Chamber of Commerce, Blockchain Association, Cryptocurrency Innovation Council, Bitcoin Policy Institute, and Paradigm, have issued a joint statement calling for the bipartisan-supported Blockchain Regulatory Certainty Act (BRCA) to be included in the 2025 Digital Asset Market Clarity Act. The bill, led by Congressman Tom Emmer and Ritchie Torres, explicitly does not impose 'money transmission business' registration requirements on non-custodial software developers and infrastructure providers. The statement emphasizes that open-source developers fundamentally differ from traditional financial institutions, and this amendment is a foundational policy safeguard for protecting DeFi innovation. The House is expected to revise the relevant bill next week.
