Crypto Groups Push for Regulatory Clarity Act Inclusion

- Advocacy groups seek legislative clarity for non-custodial platforms. - The Blockchain Regulatory Certainty Act aims to prevent non-custodial platforms from being classified as money transmitters. According to a report by The Block on June 5, 2025, a coalition of cryptocurrency advocacy groups is urging lawmakers to integrate the Blockchain Regulatory Certainty Act into overarching digital asset legislation. This Act, which Representatives Tom Emmer and Ritchie Torres originally reintroduced in May 2025, aims to ensure regulators do not classify non-custodial crypto platforms and their developers as money transmitters or unlicensed money service businesses. Several advocacy groups, including the DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, and the Bitcoin Policy Institute, support this legislative integration. They argue that regulators should not apply the same regulations to software and infrastructure providers in the crypto sector as they do to traditional financial institutions, emphasizing that developers creating peer-to-peer, non-custodial software and those enabling decentralized networks differ significantly from established financial firms. This initiative occurs as Washington actively pursues legislative efforts, with lawmakers aiming to create a regulatory framework for the broader cryptocurrency industry. For example, the House Financial Services Committee recently held a hearing on the Digital Asset Market Clarity Act. This Act seeks to define the regulatory roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and it also intends to mandate disclosures and compel digital asset firms to segregate customer funds. The Blockchain Regulatory Certainty Act seeks to provide legal clarity by focusing on blockchain developers and service providers who do not control user funds, aiming to ensure federal law does not misclassify them as money transmitters. Proponents argue this distinction is essential, stating it can foster innovation within the United States and prevent technological talent from departing to other countries. The industry has widely endorsed the bill, viewing it as a means to avoid regulatory confusion that could hinder growth in the digital asset ecosystem. On June 5, CoinMarketCap data (as of 16:00 UTC) showed Bitcoin (BTC) trading at $34,500, while its 24-hour trading volume had increased by 1.2%.