More than 60 of the most prominent CEOs and founders in the cryptocurrency industry sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 9, calling on the full Senate to pass the Digital Asset Market Clarity Act with its blockchain developer protections intact — a provision the signatories described as a non-negotiable condition of their support.
The letter, signed by executives from Coinbase, a16z crypto, Uniswap, Solana Labs, Kraken, Paradigm, Galaxy, Ledger, and dozens of other leading firms, focused on Section 604 of the Clarity Act — the Blockchain Regulatory Certainty Act, or BRCA — which shields non-controlling software developers from Bank Secrecy Act obligations and federal money transmission prosecution.
The signatories argued that without the BRCA, the broader market structure bill would fail to deliver the legal certainty needed to sustain blockchain innovation in the United States.
“From core Bitcoin development to novel DeFi smart contract designs, developers need clear legal certainty to openly build, maintain, and contribute to community-driven software projects,” the letter reads.
Where the Clarity Act stands
