This is a bipartisan effort designed to give digital asset developers and blockchain service providers the legal clarity they need. It aims to help them build in the U.S. without fear of outdated or misapplied regulations.
The crypto bill, co-led by Congressman Ritchie Torres of New York, clarifies that those who do not hold or control user funds, such as wallet developers, node operators, and miners, are not money transmitters under federal law.
A Clear Path Forward for Builders
A patchwork of state-by-state rules and uncertain federal enforcement has long bogged down the crypto world. Regulators have labeled developers of open-source software, like DeFi protocols or self-custodial wallets, as money transmitters. This happens even when these developers never hold user funds.
That’s where the BRCA steps in. By stating clearly that non-custodial players are not subject to money transmission laws, the bill seeks to keep American innovation at home. “This bill is common sense,” said Congressman Emmer. “Without it, we risk pushing talent and technology offshore.”
Today, @RepRitchie and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution. pic.twitter.com/nCbpHcpf1Y
— Tom Emmer (@GOPMajorityWhip) May 21, 2025
For example, in 2022, a New York developer was arrested for building code violations related to crypto privacy. So, this initiative wants to raise alarm bells across the industry. Incidents like this underscore the need for legal clarity and protections. It is for builders who contribute to blockchain infrastructure but never act as financial intermediaries.
Why This Matters Now
Momentum for crypto legislation is gaining steam. From stablecoin proposals to tax reporting reforms, U.S. lawmakers are increasingly recognizing that a clear framework is essential to compete globally. According to Chainalysis, the U.S. ranked #1 in crypto adoption in 2023—but that lead is fragile.
Groups like Coin Center, the DeFi Education Fund, and the Blockchain Association are lining up in support of the BRCA. This would be a crucial step toward aligning regulation with the unique characteristics of blockchain technology. “The U.S. should be a hub for responsible innovation,” said Congressman Torres. “This bill helps ensure that.”
Disclaimer
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