Peter Van Valkenburgh stated that the updated CLARITY Act mirrors the core tenets of FinCEN's 2019 guidance and commended lawmakers for achieving a major step forward for non-custodial blockchain developers.

Event date

June 9, 2025

Quotes that support claims

Peter Van Valkenburgh of Coin Center confirmed the bill reflects 2019 guidance issued by FinCEN. That guidance stated that developers not holding funds do not fall under money transmission rules. BRCA aims to formalize this into law, giving developers more certainty.

He also said that the latest version of the CLARITY Act matches the key points of the 2019 FinCEN guidance. He further mentioned that lawmakers who voted for the changes should be praised for making this a big milestone for non-custodial developers.

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Week 24 of 2025