Rep. Emmer Reintroduces Bill for Regulatory Clarity in Crypto Space

Congressman Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act (BRCA), a bipartisan effort co-led with Congressman Ritchie Torres, to provide clarity on crypto regulations for developers and service providers. The bill clarifies that if companies don’t directly hold consumer funds, they should not be classified as money transmitters under current regulations. This clarification aims to empower non-custodial blockchain developers, miners, validators, and wallet providers.