The Blockchain Regulatory Certainty Act maintains the original Senate version, retaining protections for non-custodial developers.

According to Odaily, crypto journalist Eleanor Terrett stated that the Blockchain Regulatory Certainty Act (BRCA) remains consistent with the version reviewed by the Senate Banking Committee in May.

Reportedly, the act continues to clarify that non-custodial software developers and blockchain infrastructure providers will not be deemed money transmitters solely for building or maintaining decentralized networks. Meanwhile, the Lummis-Grassley amendment is still retained, upholding federal criminal liability for “knowingly” facilitating illegal transactions.

In addition, the provisions from the “Keep Your Coins Act” remain unchanged, continuing to protect users’ rights to self-custody of their crypto assets.

Regarding stablecoin yields, the act still retains the previous compromise provision, prohibiting companies from paying interest on users’ idle stablecoin balances, but allowing rewards related to actual activities, such as transaction or staking rewards, provided that their economic or functional nature is not equivalent to bank deposit interest.

The act also adds new law enforcement chapters, including increased funding for state and local cryptocurrency investigations and blockchain analysis tools, the establishment of training programs for law enforcement and prosecutors, and the creation of a “cyber center” to address threats from actors in countries such as North Korea and Iran.

Furthermore, the act specifies the handling of digital assets in the event of bankruptcy of exchanges or custodians, ensuring that customer assets remain customer property rather than becoming part of the company’s bankruptcy estate, in order to prevent incidents similar to FTX from happening again.