In a significant step toward regulatory clarity for the crypto industry, House Majority Whip Tom Emmer and Rep. Ritchie Torres have introduced the Blockchain Regulatory Certainty Act—a bill designed to protect non-custodial blockchain developers and service providers from burdensome regulation and potential government overreach.
“Today, Rep. Ritchie and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution,” Emmer wrote on X.
The bill provides a “safe harbor” from licensing and registration requirements for entities that facilitate blockchain services but do not take custody of consumer funds. This includes developers and providers who maintain or support blockchain infrastructure—such as validators, wallet software providers, or DeFi protocol contributors—without exerting control over users’ assets.
Key Provisions
- Clarifies that non-custodial actors should not be classified as money transmitters under state or federal law.
- Protects open-source software development and non-intermediated digital asset transfers.
- Prevents regulatory overreach that might criminalize foundational blockchain innovation.
The bill also affirms that digital assets are forms of intangible property that can be exclusively possessed and transferred without intermediaries—a critical point in defining user rights in decentralized systems.
The Blockchain Regulatory Certainty Act has long been a policy goal among crypto advocates, particularly amid growing concerns that developers could be unfairly targeted under existing financial laws.
If passed, the legislation would mark a major victory for developers and entrepreneurs building in the U.S., offering clear legal boundaries that encourage innovation while respecting user sovereignty and decentralization.
Source: https://coindoo.com/u-s-lawmakers-introduce-blockchain-regulatory-certainty-act-to-shield-developers-from-unjust-prosecution/