BRCA, according to proponents, provide developers of non-custodial technologies with legal certainty that they will not be considered money transmitters, while preserving consumer safeguards and oversight of custodial institutions

Quotes that support claims

The BRCA seeks to shield individuals developing blockchain tools without custody of user assets from unnecessary financial compliance rules. By doing so, it draws a clear line between custodial services and software development activities. This change strengthens legal protections while maintaining oversight of financial platforms.

The updated bill is seen as striking a careful balance, encouraging domestic blockchain development without weakening consumer safeguards.