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New bill aims to protect developers from being tagged as money transmitters

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Summary
Nutrition label

66% Informative

Reps. Tom Emmer and Ritchie Torres have re-introduced the BRCA Bill.

The bill aims to establish that developers who do not custody user funds are not money transmitters.

It provides the necessary legal clarity to position the US as the top hub for developers.

Other bills include the Bitcoin Act Bill introduced by Sen Cynthia Lummis .

Texas Senate has passed the Bitcoin reserve bill one step away from becoming law.

VR Score

57

Informative language

54

Neutral language

39

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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