Tom Emmer proposed a new bill aimed at providing regulatory clarity for encryption technology.

Recently, U.S. Congressman Tom Emmer proposed new legislation aimed at providing a clearer regulatory framework for the digital asset industry and services.

On May 21, Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA), a bipartisan bill co-led by Congressman Ritchie Torres.

The core content of the bill is that if cryptocurrency developers and service providers do not hold consumers' funds, then according to existing regulations, they should not be classified as remitters.

This legislative framework aims to provide legal certainty for blockchain developers, miners, validators, and encryption wallet providers building non-custodial services, addressing concerns that ambiguous regulations might push U.S. encryption innovation overseas.

Emmer warned that delaying the regulation of the encryption industry will increase the risk of technical outflow and harm the interests of American investors and innovators. Torres agreed, stating that clear regulations are key to retaining industry talent and preventing technical outflow due to regulatory lag.

It is worth mentioning that the bill has received support from several industry organizations such as Coin Center and the DeFi Education Fund. In fact, Emmer proposed a similar bill as early as 2018, and this revision reflects the ongoing effort to promote regulatory optimization.

On the same day, the Texas Bitcoin Strategic Reserve Bill (SB 21) passed the third reading (101:42) and has been submitted for the governor's signature. The bill establishes reserves as an official investment tool, authorizes the state government to actively manage high market value encryption assets, and aims to enhance financial security and economic resilience.

Overall, whether it is the improvement of the regulatory framework at the federal level or the active layout of encryption assets by state governments, the cryptocurrency policy in the United States is being implemented rapidly.

These measures indicate that the future development of cryptocurrency in the United States will be more standardized and institutionalized, providing industry participants with clearer guidance and a more stable operating environment.

Do you think that with the gradual clarification of the cryptocurrency regulatory framework, a more compliant and open encryption ecosystem will take shape?

#加密货币监管 # Blockchain Act #美国国会立法 # Digital Asset