A bipartisan effort led by Representative Tom Emmer reintroduces the Blockchain Regulatory Certainty Act, addressing cryptocurrency regulations amidst concerns over President Donald Trump’s crypto ties. The bill aims to clarify that digital asset developers and service providers who do not manage consumer funds are not classified as money transmitters. Emmer, a Republican, received support from Democratic Representative Ritchie Torres, who highlighted a more refined legislative framework based on previous feedback. The push for the bill faces significant resistance from some Democratic lawmakers, such as Representative Maxine Waters, who have called for a pause on crypto legislation until Trump’s connections to the industry, including his family’s interests in World Liberty Financial and his memecoin, are resolved. As Trump plans a high-profile dinner for major purchasers of his memecoin, the future of crypto regulatory measures remains uncertain in Congress.

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