On May 21, Congress member Tom Amir re -submitted the Blockchain (BRCA) organizational law, a draft law of two parties with Congress member Richie Torres.
The principle of the basic bill Stipulating If the encryption developers and service providers do not keep consumer funds, they should not be classified as money transmission devices under the current regulations.
The clarification aims to provide the legal certainty of Blockchain developers, miners, presenters, and encryption portfolio providers who build non -guardian services.
Clarity
Legislation addresses fears that unclear regulations drive American encryption innovation abroad.
Both members of Congress emphasize that the draft law protects innovation while maintaining appropriate oversight, and they polished the framework based on the previous comments when a similar language was rejected in the committee.
“The more we delay this logical clarification, the greater the risk of pushing this transformative technology abroad, which will harm American investors and innovators,” Emeer said.
“If we want to preserve the next generation of builders in the United States, this type of legal clarity is necessary,” Torres said, “We cannot allow the old or wrong regulations that drive American talents and technology abroad.”
Several industrial organizations have supported reproduction, including the Metal Currency Center, the Defi Education Fund, the Blockchain Association, the Solana Policy Institute, and the Crypto Innovation Council.
Emmeer originally presented this invoice In 2018, the current version is the ongoing efforts to prove organizational clarity.
Bitcoin Texas Bitcoin
In relevant news, the Bitcoin Strategic Bill Texas (Texas)SB 21Pass the third reading by voting from 101 to 42 and is now heading to the Ruler’s Office to sign.
The draft reserve law is established as an investment tool, allowing the state to buy, sell and manage high market CAP encryption assets actively for financial security and economic flexibility.
Only in: Texas Passes Bitcoin Reserve Bill
SB 21 passes the third reading by voting 101-42 and is now heading to the Ruler’s Office to sign. pic.twitter.com/fmejsi2kio
Bitcoin Laws (Pitcoin_laws) May 21, 2025
In addition, four new encryption bills were presented in Michigan on May 21, According to Bitcoin laws. They suggest allowing the state’s retirement fund to invest in encryption, ban the digital currencies of the Central Bank, and allow bitcoin mining on abandoned oil and gas wells.
Arizona and New Hampsheer are the only two countries that enacted the encryption reserve bills.
Bitcoin strategic bills are suspended in 18 states, under consideration in one state, and they were rejected in five states, According to To SBR screen.
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