Leading crypto firms Uniswap, Jump Trading and the Blockchain Association will soon issue a joint statement supporting the Blockchain Regulatory Certainty Act (BRCA), according to crypto reporter Eleanor Terrett.
Terrett tells her 238,200 followers on the social media platform X that the statement is “imminent.”
“NEW: I’m hearing that a joint statement is imminent from the eight leading crypto trade associations, along with Uniswap and Jump, expressing their support for the Blockchain Regulatory Certainty Act (BRCA) being included in the latest version of the CLARITY Act.”
The BRCA aims to provide clarity and certainty for developers, miners, and other innovators in the non-custodial crypto ecosystem.
According to Terrett, the eight groups are the DeFi Education Fund, Coin Center, Solana Institute, Chamber of Digital Commerce, Blockchain Association, Crypto Council, Bitcoin Policy Institute and Paradigm, who say that the legislation is critical for protecting software developers and infrastructure providers who do not custody customer funds.
“The amendment, originally introduced by GOP Majority Whip and now with bipartisan support from Rep Ritchie, is being viewed by many in the industry as a foundational policy safeguard for DeFi developers.
‘It’s critically important that we don’t treat open-source developers like traditional financial institutions,’ one policy lead told me. ‘The BRCA draws that line clearly and protects innovation.’
The joint statement urges lawmakers to include the BRCA in the CLARITY Act, the House’s digital asset market structure bill, which is expected to be marked up next week.”
At time of writing, no statement has been issued.
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