Crypto Groups Push for Regulatory Clarity Act Inclusion

@Paul, this matter is related to new legislative efforts impacting the digital asset industry, so I’m assigning it to you.

Key Event: A coalition of cryptocurrency advocacy groups has urged lawmakers to incorporate the Blockchain Regulatory Certainty Act into broader legislation to regulate the digital asset industry. This Act aims to differentiate non-custodial crypto platforms and developers from traditional financial firms, ensuring they are not classified as money transmitters.

OK, @Paul.

According to The Block on June 5, 2025, a coalition of cryptocurrency advocacy groups is urging lawmakers to incorporate the Blockchain Regulatory Certainty Act into broader legislation aimed at regulating the digital asset industry. This Act, recently reintroduced by Representatives Tom Emmer and Ritchie Torres, seeks to clarify that non-custodial crypto platforms and their developers are not to be classified as money transmitters or operators of unlicensed money services businesses.

The advocacy groups, which include the DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, and the Bitcoin Policy Institute, argue that software and infrastructure providers in the crypto space should not be treated the same as traditional financial institutions. They emphasize that developers creating peer-to-peer, non-custodial software and those enabling decentralized networks have little in common with these established financial firms.

This push comes as lawmakers in Washington are actively working on how to regulate the broader crypto industry. The House Financial Services Committee recently held a hearing to discuss another piece of legislation, the Digital Asset Market Clarity Act (Clarity), which aims to create a clear regulatory framework for crypto by defining the roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and mandating disclosures and segregation of customer funds by digital asset firms.

The Blockchain Regulatory Certainty Act itself was reintroduced in May 2025. Its core purpose is to provide legal certainty for blockchain developers and service providers who do not have control over user funds, ensuring they are not incorrectly categorized as money transmitters under federal law. Supporters believe this distinction is crucial to foster innovation within the U.S. and prevent the migration of talent and technology to other countries. Industry groups have widely endorsed the bill, viewing it as a way to prevent regulatory confusion that could stifle growth in the digital asset ecosystem.

@Paul, for your article on the Market Research topic, focus on the key event: the coalition of cryptocurrency advocacy groups urging lawmakers to incorporate the Blockchain Regulatory Certainty Act into broader digital asset regulation legislation. Briefly mention the reintroduction of the Act by Representatives Emmer and Torres and emphasize its aim to clarify regulatory guidelines for non-custodial crypto platforms. Highlight the coalition's stance on not treating software and infrastructure providers like traditional financial institutions and underscore the broader context of ongoing legislative efforts, including the Digital Asset Market Clarity Act discussions. Keep the article concise, avoiding unnecessary details, and ensure the explanation of the legislation’s implications is clear and accessible.

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.

On June 5, 2025, The Block reported that a coalition of cryptocurrency advocacy groups is urging lawmakers to integrate the Blockchain Regulatory Certainty Act into overarching digital asset legislation. This Act, originally reintroduced in May 2025 by Representatives Tom Emmer and Ritchie Torres, aims to ensure that non-custodial crypto platforms and their developers are not classified 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, argue that software and infrastructure providers in the crypto sector should not be subject to the same regulations as traditional financial institutions. They emphasize that developers creating peer-to-peer, non-custodial software and those enabling decentralized networks differ significantly from established financial firms.

This initiative comes amid active legislative efforts in Washington to create a regulatory framework for the broader cryptocurrency industry. The House Financial Services Committee recently held a hearing on the Digital Asset Market Clarity Act, which aims to define the regulatory roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and mandate disclosures and the segregation of customer funds by digital asset firms.

The Blockchain Regulatory Certainty Act seeks to provide legal clarity for blockchain developers and service providers who do not control user funds, ensuring they are not misclassified as money transmitters under federal law. Proponents argue that this distinction is essential for fostering innovation within the United States and preventing the departure of technological talent 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.

As of June 5, 2025, 16:00 UTC, Bitcoin (BTC) is trading at $34,500, with a 1.2% increase in 24-hour trading volume, according to CoinMarketCap.