UPDATED: Joint Statement from Crypto Policy Organizations on Blockchain Regulatory Certainty Act

The following statement can be attributed to the following organizations following the inclusion of the BRCA in an updated draft of the CLARITY Act on June 8, 2025: DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Paradigm, Bitcoin Policy Institute, Jump Crypto, and Uniswap Labs We are pleased to see the Blockchain Regulatory Certainty Act (BRCA) included in the newly introduced version of the CLARITY Act. This is a meaningful step toward protecting developers of non-custodial, peer-to-peer technologies while maintaining strong oversight of custodial financial institutions.

The updated bill reflects a careful balance—building on FinCEN’s 2019 guidance to clarify that when developers and infrastructure providers don’t control customer funds, they shouldn’t be regulated like money transmitters.

We thank Chairman Hill, Chair Steil, Majority Whip Emmer, Rep. Torres, and the staff and stakeholders who made this thoughtful inclusion possible. 

For more information on the BRCA, check out DEF's helpful one-pager on the Act.