Woofun AI reports that the Blockchain Regulatory Certainty Act (BRCA) remains consistent with the version passed by the Senate Banking Committee in May. The legislation clarifies that non-custodial software developers and blockchain infrastructure providers are not classified as money transmitters for building or maintaining decentralized networks. The Lummis-Grassley amendment is retained, imposing federal criminal liability for "intentionally" facilitating illegal transactions.

Provisions from the "Keep Your Coins Act" remain unchanged, safeguarding users' right to self-custody their crypto assets. Regarding stablecoin yields, the bill prohibits interest on idle balances but allows rewards for actual activities like trading or staking, provided they are not equivalent to bank deposit interest. New sections enhance law enforcement capabilities through increased funding for investigations, blockchain analysis tools, training programs, and a "Cyber Center" to address threats from state actors such as North Korea and Iran.

Additionally, the bill ensures customer assets remain separate from bankruptcy estates in exchange failures, aiming to prevent incidents similar to FTX.