🚨NEW: On a press call before the House breaks for August recess, I asked @GOPMajorityWhip how he plans to win over enough Senate Democrats to support his Blockchain Regulatory Certainty Act, especially given that Senator @MarkWarner, a key moderate on @BankingGOP, has been laser-focused on illicit finance. The bill, included in Banking’s market structure discussion draft and in the House’s CLARITY Act, aims to clarify that blockchain developers and infrastructure providers (like miners, validators, and node operators) aren’t money transmitters as long as they don’t custody funds. Emmer says Warner “should love the BRCA” — calling it a non-partisan issue: “This isn’t about Republicans or Democrats…it’s about protecting Americans and making sure innovators have clear rules.” Emmer also said he trusts the Senate to take up the CLARITY Act and pass it — and if they make adjustments or improvements to it along the way, “that’s great.”
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