Tom Emmer Revives Blockchain Regulatory Certainty Act to Protect Non-Custodial Developers

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2025-05-22 07:20:02

Minnesota Representative Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act in Congress, garnering bipartisan support and industry backing. The bill aims to clarify that non-custodial blockchain developers, including miners, validators, and wallet providers, should not be classified as money transmitters.

The legislation seeks to exempt these actors from state and federal money services licensing requirements, preventing regulatory overreach that could stifle innovation. Emmer, co-chair of the Congressional crypto Caucus, emphasized the need for legal certainty to keep blockchain development within the U.S. rather than pushing it overseas.

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