Washington, D. C. – Last night, Congressman Tom Emmer’s Securities Clarity Act, along with parts of the Blockchain Regulatory Certainty Act (BRCA), successfully passed out of the House Financial Services Committee markup after being incorporated into the CLARITY Act. The CLARITY Act was reported favorably to the House floor, marking a significant milestone toward advancing the legislation through Congress. “The United States has a genuine chance to lead and fulfill President Trump’s pledge to establish America as the global crypto capital. The CLARITY Act, which includes our Securities Clarity Act and BRCA, unlocks this potential and finally provides developers and investors the assurance they need to innovate and grow domestically, ” Congressman Emmer stated. Background: The Securities Clarity Act delivers market certainty for innovators and defines clear jurisdictional boundaries for regulators.

Included elements of the Blockchain Regulatory Certainty Act within the CLARITY Act confirm that digital asset developers and service providers who do not custody consumer funds are not classified as money transmitters. The Securities Clarity Act is supported by CoinCenter, the Blockchain Association, The Digital Chamber, and the Crypto Council for Innovation. Additional details about the Securities Clarity Act are available here. The BRCA is endorsed by CoinCenter, the DeFi Education Fund, the Blockchain Association, The Digital Chamber, the Solana Policy Institute, and the Crypto Council for Innovation. More information about the BRCA can be found here. Congressman Emmer is an original cosponsor of the CLARITY Act and serves as a Co-Chairman of the Congressional Crypto Caucus. ###