To lead in crypto, America must protect the people who build it

Leading founders, CEOs and investors recently sent a single letter to Senate leaders urging that protections for software developers in the Clarity Act not be weakened. They compete for talent and capital, yet agree that stripping those protections would push the people who build this technology offshore and forfeit U.S.

leadership in the next era of finance. At the center of the bill is the Blockchain Regulatory Certainty Act (BRCA). It draws a clear line: if you write open-source software, run a node, or help validate transactions and never take custody or control of anyone's money, you are not a money transmitter under federal law.

The rest of the Clarity Act depends on that guarantee; the BRCA survived committee markup and must remain intact through the final vote. Engineers publish code anyone can download, and they do not hold or move customer funds. Treating a software developer like a bank teller is as misplaced as calling an email-app engineer a mail carrier.

United States

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