The largest cryptocurrency lobbying group in the United States has requested lawmakers to include protections for software developers and infrastructure providers in legislation aimed at regulating the cryptocurrency sector.
On June 5, the DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, and Bitcoin Policy Institute issued a joint statement calling for an additional bill to be attached to the cryptocurrency market structure bill.
The group urged lawmakers to include the Blockchain Regulatory Certainty Act (BRCA) in the 2025 Digital Asset Market Clarity Act (CLARITY Act). The Blockchain Regulatory Certainty Act would exempt non-custodial crypto platform software developers from being classified as money transmitters.
The Clarity Act was introduced at the end of May and aims to redefine the roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets, while Representatives Tom Emmer and Ritchie Torres reintroduced the Blockchain Regulatory Certainty Act last month.
The lobbying group stated, "It is crucial to remember that developers of peer-to-peer, non-custodial software and infrastructure providers enabling decentralized networks have little in common with traditional financial institutions and should not be treated as such."
Neeraj Agrawal, communications director at Coin Center, added that the group's priorities also include addressing the "ongoing risk of unconstitutional surveillance requirements being added to cryptocurrency legislation."
Earlier this week, U.S. cryptocurrency lobbying groups urged American lawmakers to pass a stablecoin regulatory bill as soon as possible, requesting that lawmakers refrain from adding provisions to the bill and halt debates surrounding the measure.
Under the Trump administration, the stance of U.S. regulatory entities on cryptocurrency has shifted.
On June 3, SEC Chairman Paul Atkins stated in the Senate that the days of regulating cryptocurrency through enforcement are over, and regulators will engage with industry participants before legislation is passed.
Next week, the Senate will decide whether to appoint Brian Quintenz, nominated by President Donald Trump, as the head of the Commodity Futures Trading Commission (CFTC). Quintenz disclosed assets worth $3.4 million, including cryptocurrencies.
Related: Trump-Musk dispute leads to Bitcoin (BTC) drop, $308 million long positions liquidated
Original article: “Crypto Lobby Group Seeks to Add Software Developer Protections to Crypto Bill”
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