Crypto Industry Calls for Regulatory Clarity: Joint Statement Supports BRCA Amendment

Major crypto industry groups are pushing for clear regulatory guidelines in the sector. A joint statement from eight prominent organizations, including Uniswap and Jump Crypto, outlines support for the Blockchain Regulatory Certainty Act (BRCA) within the CLARITY Act. These organizations, which include DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm, emphasize that this amendment is vital for protecting software developers and infrastructure providers who don’t directly hold customer funds. The amendment was initially proposed by Tom Emmer and has garnered bipartisan support, with Rep. Ritchie Torres joining the chorus of advocates. The industry largely views it as a crucial safety net for DeFi developers.