Congress members fight for clarity in cryptocurrencies.
The recent reintroduction of the Blockchain Regulatory Certainty Act (BRCA) by Congressman Emmer represents an important step towards legal clarity in the crypto asset ecosystem. This legislation seeks to distinguish between custodial and non-custodial service providers, making it clear that those who do not directly handle user funds —such as non-custodial wallets, miners, and validators— should not be considered money transmitters. This definition aims to reduce legal uncertainty and prevent the flight of technological innovation to other countries. Additionally, it promotes a balanced regulatory framework that fosters innovation without compromising oversight. With bipartisan support, this law could set a key precedent for the responsible and competitive development of the crypto sector in the U.S.