The Blockchain Regulatory Certainty Act (BRCA), reintroduced by Representatives Emmer and Torres, seeks to protect non-controlling blockchain developers from being classified as money transmitters. This act is crucial as the DOJ has shown a tendency to classify ancillary blockchain services as money transmitters, which could make many services illegal or subject to heavy regulations. The bill's reintroduction highlights the need for Bitcoin enthusiasts to advocate for its passage to ensure the future of decentralized technologies in the face of regulatory challenges.
The Blockchain Regulatory Certainty Act (BRCA) is crucial for protecting non-controlling blockchain developers from being classified as money transmitters, ensuring innovation continues.
Rep. Emmer and Rep. Torres' reintroduction of the BRCA is a significant step, but more advocacy is needed to make it a legislative priority.
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