Tom Emmer Introduces Bill To Protect Blockchain Developers

Rep. Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA) on May 21st, alongside Rep. Ritchie Torres. This follows its initial introduction in 2023, aiming to clarify legal protections for blockchain developers and service providers. The bill seeks to prevent misclassification as money transmitters by those who don’t handle user funds. Emmer emphasizes the importance of regulatory clarity for fostering American innovation, particularly to avoid a shift of development overseas.