Crypto Industry Groups Advocate for Blockchain Regulatory Clarity

According to Foresight News, a joint statement from eight major cryptocurrency industry associations is set to be released, with Uniswap and Jump Crypto also participating. The statement supports the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act. Eight prominent crypto policy organizations in Washington, D.C., have issued a joint statement urging Congress to incorporate the BRCA into market structure legislation. These organizations include the DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm. They emphasize that this amendment is crucial for protecting software developers and infrastructure providers who do not custody customer funds. The amendment was initially proposed by Tom Emmer and has since gained bipartisan support, including from Rep. Ritchie Torres. Many in the industry view it as a fundamental policy safeguard for DeFi developers. The joint statement calls on lawmakers to integrate the BRCA into the CLARITY Act, a House bill concerning the market structure of digital assets.