Crypto Bill to Shield Developers Gains Momentum Ahead of Debate

- Lawmakers introduce a measure to protect non-custodial crypto platform developers. - The bill aims to create a clear regulatory framework for cryptocurrencies in the U.S. On June 9, 2025, The Block reported that the House will debate a groundbreaking provision. This provision, praised by major industry advocates, aims to protect non-custodial crypto developers by clarifying that authorities will not classify them as money transmitters or as operating an unlicensed money services business. Lawmakers scheduled the bill debate and vote for the following Tuesday. Representatives Tom Emmer and Ritchie Torres reintroduced the Blockchain Regulatory Certainty Act, which includes this key provision, drawing praise from cryptocurrency advocacy groups such as Coin Center, the DeFi Education Fund, and the Blockchain Association. The broader legislation, known as the Digital Asset Market Clarity Act, seeks to establish a definitive U.S. regulatory framework for cryptocurrencies. This Act not only delineates the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) but also mandates that digital asset firms provide customer disclosures and segregate customer funds. On June 9, CoinMarketCap reported that as of 12:00 UTC, Bitcoin (BTC) was trading at $35,000. The platform also noted a 4.5% increase in BTC's 24-hour trading volume.