{"id":3776,"date":"2025-06-11T17:16:07","date_gmt":"2025-06-11T17:16:07","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/11\/the-clarity-act-heads-to-house-floor-for-vote-with-protection-for-noncustodial-tools-intact\/"},"modified":"2025-06-11T17:16:07","modified_gmt":"2025-06-11T17:16:07","slug":"the-clarity-act-heads-to-house-floor-for-vote-with-protection-for-noncustodial-tools-intact","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/11\/the-clarity-act-heads-to-house-floor-for-vote-with-protection-for-noncustodial-tools-intact\/","title":{"rendered":"The CLARITY Act Heads To House Floor For Vote With Protection For Noncustodial Tools Intact"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

The CLARITY Act Heads To House Floor For Vote With Protection For Noncustodial Tools Intact<\/a><\/p>\n

<\/div>\n

Yesterday, The CLARITY Act passed favorably through the House Agriculture and Financial Services Committees with 47-6 and 32-19 bipartisan votes, respectively.<\/p>\n

While a handful of amendments will be incorporated into a revised version of the bill, none of said amendments will alter a recently-added section of the bill that regards noncustodial products and services.<\/p>\n

To clarify, on Monday, language from The Blockchain Regulatory Certainty Act (BRCA)<\/a> was added to The CLARITY Act.<\/p>\n

\n

If you do not custody consumer funds, you aren\u2019t a money transmitter. Plain and simple. <\/p>\n

Our nonpartisan Blockchain Regulatory Certainty Act, which codifies this simple concept, has been added to the CLARITY Act!<\/p>\n

Grateful to @RepFrenchHill<\/a>, @RepBryanSteil<\/a> and @RepRitchie<\/a> for\u2026 https:\/\/t.co\/QmPdgUGSwo<\/a><\/p>\n

\u2014 Tom Emmer (@GOPMajorityWhip) June 9, 2025<\/a>\n<\/p><\/div>\n

This language, included in Section 110 of The CLARITY Act, is focused on non-controlling (noncustodial) blockchain developers and blockchain service providers.<\/p>\n

The exact wording in the bill is as follows: \u201cA non-controlling blockchain developer or provider of a blockchain service shall not be treated as a money transmitter or as engaged in \u2018money transmitting,\u2019 or, following the date of enactment of this Act, be otherwise subject to any new registration requirement that is substantially similar to the requirement that currently applies to money transmitters.\u201d<\/p>\n

It was particularly important that this segment of the bill not be altered because, with this language included, the bill protects not only Bitcoin and crypto enthusiasts\u2019 right to use noncustodial wallets, but the right of developers to continue to create such products and services without being subject to money-transmission laws as per the Bank Secrecy Act (BSA).<\/p>\n

\u201cSection 110 doesn\u2019t just clarify that non-custodial devs aren\u2019t captured by the BSA, but also forbids future laws and regulations (e.g. DAAMLA<\/a>) that would modify or supersede the BSA to treat non-custodial actors as money transmitters or similar,\u201d wrote Zack Shapiro, Head of Policy at the Bitcoin Policy Institute<\/a>, in an X post<\/a>. \u201cIf this passes, that means that anti-crypto zealots like Sen. Warren would first have to repeal [or] modify this bill before passing additional rules that would impinge on self-custody.\u201d<\/p>\n

This issue over whether noncustodial Bitcoin and crypto service providers is relevant as the Samourai Wallet<\/a> and Tornado Cash<\/a> developers prepare to face trial.<\/p>\n

It\u2019s also generally important in preserving the right of U.S. citizens to use digital assets privately.<\/p>\n

Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, Rep. Bryan Steil (R-WI) commented on Americas\u2019 right to transactional privacy in the hearing.<\/p>\n

\n

\u201cPrivacy in and of itself is not illegal.<\/p>\n

Americans have a right to it in their financial transactions.<\/p>\n

And so there\u2019s totally legitimate uses of privacy-preserving technologies.\u201d @RepBryanSteil<\/a> pic.twitter.com\/nHPfa25UVr<\/a><\/p>\n

\u2014 Frank Corva (@frankcorva) June 10, 2025<\/a>\n<\/p><\/div>\n

To learn more about how to contact your elected officials to tell them to support The CLARITY Act, visit saveourwallets.org<\/a>.<\/p>\n

This post The CLARITY Act Heads To House Floor For Vote With Protection For Noncustodial Tools Intact<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Frank Corva<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine The CLARITY Act Heads To House Floor For Vote With Protection For Noncustodial Tools Intact Yesterday, The CLARITY Act passed favorably through the House Agriculture and Financial Services Committees with 47-6 and 32-19 bipartisan votes, respectively. While a handful of amendments will be incorporated into a revised version of the bill, none of […]<\/p>\n","protected":false},"author":0,"featured_media":3777,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3776"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3777"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}