said<\/a> law enforcement groups are overstating their concerns about crypto developer protections embedded in the legislation. He called the objections a \u201cred herring\u201d designed to slow the broader bill\u2019s progress through Congress.<\/p>\nEmmer forcefully defended the Blockchain Regulatory Certainty Act, which would shield noncustodial software developers from being treated as money transmitters. He argued the U.S. needs clearer rules to keep innovators onshore rather than driving them to other jurisdictions.<\/p>\n
Tom Emmer frames Clarity Act as bipartisan priority<\/h3>\n
Emmer pointed to the Senate Banking Committee\u2019s 15-9 vote advancing the bill as evidence that support extends beyond Republicans. He described the Clarity Act as the fifth or sixth iteration of crypto market structure legislation the House has refined over multiple sessions of Congress.<\/p>\n
\u201cThe president never asked me to predetermine, commit, fix, decide on any interest rate decision,\u201d Emmer noted that the legislation would create clear distinctions between digital assets regulated as securities, commodities, or cash equivalents. He predicted Congress would ultimately send the package to President Trump\u2019s desk.<\/p>\n
The Blockchain Regulatory Certainty Act provision has drawn particular scrutiny. It codifies that developers who write code but do not control user funds should not face money transmitter obligations, a principle crypto advocates consider essential to keeping open-source development in the United States.<\/p>\n
<\/p>\n
Emmer also criticized former SEC Chair Gary Gensler\u2019s enforcement-first approach under the Biden administration. He argued that companies want to build in the U.S. but need to understand \u201cthe rules of the road\u201d before committing resources.<\/p>\n\n\n