Eight Leading Firms Support CLARITY Act Update for Blockchain Growth

Highlights:

• The updated CLARITY Act gives non-custodial developers an exemption from financial compliance laws.
• Eight major crypto firms endorse BRCA’s inclusion in the bill.
• The bill formalizes 2019 FinCEN guidance into U.S. statutory law.

Eight crypto companies based in the United States have come out in support of legislation that aims to help blockchain innovation. The companies taking part are Uniswap, Jump, Coin Center, and the Solana Policy Institute. According to Eleanor Terrett’s post on X, they push for the Blockchain Regulatory Certainty Act (BRCA) to be included in the CLARITY Act.

🚨NEW: I'm hearing that a joint statement is imminent from the eight leading crypto trade associations, along with @Uniswap and @jump_, expressing their support for the Blockchain Regulatory Certainty Act (BRCA) being included in the latest version of the CLARITY Act.

If you… https://t.co/5HNLAg77XX

— Eleanor Terrett (@EleanorTerrett) June 9, 2025

The CLARITY Act now has new rules that make clear distinctions between software developers and financial custodians. The new proposal says that non-custodial developers are not meant to be subject to the same laws as money transmitters. Additionally, the purpose of this change is to address the legal problems that have long affected blockchain creators within the U.S.

These firms believe that codifying this policy inspires developers to concentrate on creating secure tools. Meanwhile, the law still enables supervision of platforms that keep users’ funds. Hence, the update promotes new ideas and still ensures regulations are followed. The support follows many years of policy debates based on an advisory from FinCEN in 2019. The guidance mentioned that code writers without interacting with money are not classified as money transmitters.

🥳 New text of CLARITY Act in the House includes clarity for non-custodial devs on the question of unlicensed money transmission. Codifies the 2019 FinCEN guidance! Thank you to @RepFrenchHill, @RepBryanSteil, and of course BRCA original sponsors @GOPMajorityWhip and @RepRitchie! https://t.co/DtxaNunSxn

— Peter Van Valkenburgh (@valkenburgh) June 8, 2025

Non-Custodial Developers Gain Legal Backing Under CLARITY Act

The new BRCA recommendation is based on previous advice by the government. Furthermore, the CLARITY Act makes it safer for developers by including the advisory system in the law. This includes people who set up blockchain networks or peer-to-peer tools but do not take possession of user assets. Some industry stakeholders believe that to move ahead in decentralized finance and blockchain technology, there must be clear guidelines. By making a distinction between custodial and non-custodial roles, lawmakers guarantee that technical teams are confident when developing public tools.

According to Coin Center and the DeFi Education Fund, the move does not lower the standards set by financial regulations. Rather, it makes clear how existing regulations should be used for new technologies. Showing their support, Paradigm and the Blockchain Association pointed out that the update favors responsible development.

With this foundation in place, developers do not have to worry about being wrongly classified. In addition, by feeling comfortable with the law, developers may take part in more open-source collaborations and help the network grow in the U.S.

CLARITY Act Update Gains Momentum from Crypto Policy Leaders

Furthermore, the joint support statement made on June 5 proves that leading blockchain companies are united. These organizations showed gratitude to lawmakers, including Chairmen Hill and Steil, Majority Whip Emmer, and Representative Torres, who contributed to designing the update of the legislation. Moreover, such teamwork demonstrates that the crypto policy community is advancing. Through united efforts, industry leaders helped to make sure their concerns were taken into account by official legislation.

The CLARITY Act reforms are an illustration of how policy can keep up with today’s technology. It also demonstrates that U.S. lawmakers are now focusing more on the concerns of the industry. Observers believe this change could increase the competitiveness of the U.S. in blockchain technology. In addition, it proves that more people are understanding how non-custodial, decentralized tools contribute to the economy.