Tom Emmer introduces legislation to provide protection for blockchain developers

Description

Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA) on May 21, co-led by Congressman Ritchie Torres, following its first introduction in 2023.

Authors

Collins J. Okoth

Publish date

May 21, 2025

Publisher

Cryptopolitan

Web URL

https://www.cryptopolitan.com/tom-emmer-introduces-legislation

Referenced by

Tom Emmer and Ritchie Torres reintroduce the Blockchain Regulatory Certainty Act

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News story

Amanda Tuminelli, executive director and chief legal officer of the DeFi Education Fund, said that the bill would protect developers of non-custodial, peer-to-peer software protocols from being unreasonably defined as operators of an unlicensed money service business under the Bank Secrecy Act.

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Quote

Cody Carbone, CEO of The Digital Chamber, argued that blockchain developers, miners, and validators aren’t financial institutions but they’re builders. He believes that the bill will finally give them the freedom to build in the U.S. by clarifying that those who never hold customer assets don’t need bank-style licenses.

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