According to news from PANews on July 27, Tom Emmer, member of the U.S. House of Representatives, tweeted that his "Blockchain Regulatory Determination Act" was passed by the Financial Services Committee of the U.S. House of Representatives. Key Treasury Department guidelines enacted were codified into law (and are still followed even today under the Biden administration). Codification ensures that developers and non-custodial service providers (miners, validators, wallet providers) in the crypto space are not considered Money Transmitters and are not subject to the same level of scrutiny as custodial cryptocurrency exchanges. Supervision. The Act provides regulatory certainty for continued innovation in the U.S. digital asset ecosystem so that the digital economy of the future reflects U.S. values.