On June 5th, eight leading organizations in the cryptocurrency policy field in Washington, such as DeFi Education Fund, Coin Center, Solana Policy Institute, Chamber of Digital Commerce, Blockchain Association, Cryptocurrency Innovation Council, Bitcoin Policy Institute, and Paradigm, jointly announced a call to include the Blockchain Regulation Certification Act (BRCA) in the 2025 Digital Asset Market Clarification Act. This is a bill that has received bipartisan support in the US Congress.
BRCA, led by Representatives Tom Emmer and Ritchie Torres, emphasizes that it will not impose business registration obligations on non-custodial software developers and infrastructure providers. The distinction between open-source developers and traditional financial institutions is considered a core point, reflecting the unique characteristics of the DeFi and blockchain space.
The organizations unanimously agreed that the amendment is a crucial guarantee for the DeFi ecosystem, protecting innovation from unreasonable legal barriers and ensuring that the blockchain technology development community is not stifled by traditionally inappropriate regulations. This helps promote the development of non-custodial solutions and increases user autonomy.
As expected, the US House of Representatives will review and revise the draft related to the Digital Asset Market Clarification Act next week. This move has generated high expectations from the blockchain development community and cryptocurrency investors, as it is a turning point towards a transparent legal framework that enhances the status of DeFi on the global financial stage.
