So, here we are. The big shots of crypto—Uniswap, Jump Trading, and the Blockchain Association—are about to drop a statement. You know, the kind that says, “Hey, we support the Blockchain Regulatory Certainty Act (BRCA).” Because, of course, we need more certainty in a world where nothing is certain! 🙄
According to Eleanor Terrett, who has 238,200 followers (because that matters), this statement is “imminent.” Imminent? Really? What does that even mean? Is it like waiting for a bus that never comes? 🚍
“NEW: I’m hearing that a joint statement is imminent from the eight leading crypto trade associations, along with Uniswap and Jump, expressing their support for the Blockchain Regulatory Certainty Act (BRCA) being included in the latest version of the CLARITY Act.”
The BRCA is supposed to provide clarity and certainty for developers, miners, and other innovators in the non-custodial crypto ecosystem. Because, you know, clarity is what we all need in this chaotic mess! 🤷♂️
Terrett mentions eight groups—DeFi Education Fund, Coin Center, Solana Institute, Chamber of Digital Commerce, Blockchain Association, Crypto Council, Bitcoin Policy Institute, and Paradigm. They’re all saying this legislation is crucial for protecting software developers and infrastructure providers who don’t hold customer funds. Sounds like a party, right? 🎉
“The amendment, originally introduced by GOP Majority Whip and now with bipartisan support from Rep Ritchie, is being viewed by many in the industry as a foundational policy safeguard for DeFi developers.”
“It’s critically important that we don’t treat open-source developers like traditional financial institutions,” one policy lead told me. “The BRCA draws that line clearly and protects innovation.”
The joint statement is urging lawmakers to include the BRCA in the CLARITY Act, which is the House’s digital asset market structure bill. And guess what? It’s expected to be marked up next week. So, stay tuned for that thrilling episode! 📺
As of now, no statement has been issued. Shocking, I know! 🙃
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2025-06-10 01:02