Crypto Groups Beg Congress: Don’t Mess with Our Code! 🚨

by

Oh, look, a bunch of crypto nerds—eight, to be exact—are practically begging Uncle Sam to give software developers a break. Because apparently, in the wild west of blockchain land, they’re not quite human? They want Congress to include some magic bill—BRCA—in the market rules, so the devs can actually sleep at night without fearing a knock on the door from the regulators. Yeah, good luck with that. 🕵️‍♂️

Crypto Policy Groups Fight for Software Devs’ Rights—Because Who Else Will?

Last Thursday, these sweet souls from eight crypto policy groups—think of them as the Justice League of blockchain—joined forces, clutching a joint statement, begging Congress to throw them a bone. The BRCA (Blockchain Regulatory Certainty Act, for the uninitiated) is the shiny new toy they want in the legislation sandbox. Basically, it’s a safe space for developers, so the government won’t treat them like money laundering machines just because they made some digital magic happen.

H.R. 3533 first popped up in 2023 thanks to Republican Rep. Tom Emmer, and now, thanks to bipartisan love—because what’s politics without a little bipartisanship—it’s back from the dead, reintroduced on May 21, 2025. Democratic Rep. Ritchie Torres added his name for good measure. Because they’re all just trying to make sure nobody accidentally treats code like a bag of cash.

The bill states that blockchain devs and infrastructure tools—those guys who build peer-to-peer stuff that no one, *literally no one*, fully understands—shouldn’t be labeled as money transmitters unless they’re actually holding onto your digital Starbucks card. Otherwise, leave them alone! 🚫

The policy groups boldly declare that these devs creating decentralized, non-custodial software are as different from your neighborhood bank as cats are from dogs. So, you know, treat them like the special snowflakes they are and stop calling them money laundering. The BRCA makes this loud and clear: if you don’t control the funds, don’t be a regulation-hungry monster.

A smart gnome in the policy world told a journalist—because, of course, they have their own secret language—that “we absolutely must not treat open-source software builders like traditional bankers.” Of course not, they’re too cool for that. They’re basically the Robin Hood of finance—if Robin Hood was into code and cryptography—and they just want to be left alone to innovate without the government throwing paperwork at them.

Hey Congress! Maybe Just Clarity, Please? 🧐

This crypto crew—DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Paradigm, and Bitcoin Policy Institute—are all yelling into the void: “Support the BRCA in the Digital Asset Market Clarity Act of 2025!” Because apparently, clarity in the crypto world is as hard to find as your keys when you really need them.

They’re practically begging Congress: “Let our nerds innovate safely, so America stays ahead (and don’t mess up the code)”.

The bill, hilariously called the CLARITY Act, was introduced on May 29 by French Hill—yes, French Hill, because apparently everything sounds more official in French—and aims to give the crypto industry a much-needed roadmap. Think of it as GPS for digital assets, guiding everyone away from regulatory potholes. The bill is set for some legislative dance called “markup” on June 10, 2025, where they all pretend to understand what’s happening. 💃

The DeFi folks, who probably spend way too much time debating smart contract risks on Twitter, tweeted that Congress could actually, maybe, possibly help protect developers from being unfairly targeted. Who knew? 🧙‍♂️

Read More

2025-06-06 09:13