CATHOLIC GROUPS VOICE OPPOSITION TO BITCOIN DEVELOPER PROTECTIONS IN CLARITY ACT
A coalition of Catholic organizations and anti-human trafficking advocates is urging Senate leadership to oppose the Blockchain Regulatory Certainty Act (BRCA).
They argue the bill could weaken safeguards against illicit finance and create loopholes for traffickers and transnational criminal organizations.
The letter directly challenges claims from groups like Coin Center, which argue BRCA is essential to protect non-custodial developers, open-source software, and blockchain infrastructure providers from being treated as money transmitters.
The fight over BRCA is shaping up to be one of the most contentious debates in the broader CLARITY Act discussion.
A coalition of Catholic organizations and anti-human trafficking advocates is urging Senate leadership to oppose the Blockchain Regulatory Certainty Act (BRCA).
They argue the bill could weaken safeguards against illicit finance and create loopholes for traffickers and transnational criminal organizations.
The letter directly challenges claims from groups like Coin Center, which argue BRCA is essential to protect non-custodial developers, open-source software, and blockchain infrastructure providers from being treated as money transmitters.
The fight over BRCA is shaping up to be one of the most contentious debates in the broader CLARITY Act discussion.
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