David

That's a new Zoomer.

This is so funny.

This is big suits with briefcases looking out on some federal building.

It says, don't let DeFi stall innovation.

This message paid for by the banking committee.

It's the banks.

Who do we think this is?

It's the banks.

Yeah, the Blockchain Regulatory Certainty Act.

And so I was talking to Austin Campbell forever ago, and he was very bearish on the Clarity Act passing because he thought that there's just too much to be fighting over.

And so people are going to carve out an unbundle and pass these things kind of piecemeal.

And this is kind of what's happening with the BRCA.

This is a bill from Cynthia Lummis and Ron Wyden, which is a more narrow bill that protects developers and infrastructure providers of non-custodial services from being considered money transmitters under federal law.

If you care about crypto, if you care about freedom, if you care about the developers to be able to write code, this should string at your heartstrings.

This is a very big deal.

This is the Roman storm defense bill of sorts.

And it's really just trying to get pressure off of clarity to carve out this one thing that doesn't seem to be too controversial and is accepted by many people, I think, and is simply just going to get stitched onto the Clarity Act agenda.

And it's separate from the markups from the two committees.

And it just narrowly focuses on if you are a DeFi developer, if you are front end, you are not a money transmitter and you cannot be prosecuted as such.

Code is not crime, basically.