Reps. Emmer and Torres Reintroduce Bill for Non-Custodial Crypto Services

Representatives Tom Emmer and Ritchie Torres have reintroduced the Blockchain Regulatory Certainty Act, aiming to clear up regulations for non-custodial crypto platforms. This legislation distinguishes these platforms as not being money transmitters, crucial for maintaining talent and innovation in the U.S. According to the statement, this clarity is essential for the future of builders and to compete globally. The bill has received backing from industry leaders, who claim it will help the U.S. remain at the forefront of cryptocurrency advancement. As part of broader legislative efforts on digital assets, progress is being made on stablecoin regulation, although final votes have not taken place. Advocates argue this bill supports free speech and innovation, core American values. The Block maintains its independence despite its ties to crypto investment firms.