Emmer Seeks Bipartisan Support for Blockchain Regulatory Clarity Act

According to PANews, during a press conference before the House's August recess, House Majority Whip Tom Emmer announced his efforts to gain more support from Senate Democrats for his Blockchain Regulatory Clarity Act. The proposed legislation aims to clarify that blockchain developers and infrastructure providers, such as miners, validators, and node operators, are not considered money transmitters as long as they do not custody funds. Emmer described the bill as a 'non-partisan issue,' emphasizing the importance of providing clear rules for Americans and innovators. He also expressed openness to Senate adjustments and improvements during the bill's review process.