"We need to get the law changed so that developers, so that people running these kinds of wallets are protected so that we can have access to these things in the U.S."
In this episode of THE Bitcoin Podcast, Walker America talks with Bitcoin developer Matt Corallo about the Blockchain Regulatory Certainty Act (BRCA), why BRCA matters for wallet development and access in America, non-custodial wallets, Spiral, Vibe coding wallets, Bitcoin mining and mining pool centralization, the Lightning Network and other Layer 2s, Sats vs Bits vs Bitcoin, other ongoing debates in the Bitcoin community.
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Summary:
Matt from Spiral discusses the importance of the Blockchain Regulatory Certainty Act, which aims to clarify regulations around non-custodial wallets and protect developers from being classified as money transmitters. The act, introduced by Representatives Emmer and Torres, seeks to amend the law so that developers of non-custodial platforms are not subject to KYC and AML requirements. Matt emphasizes the need for the Bitcoin community to pressure Congress to pass the act to prevent potential restrictions on access to innovative wallet technologies in the US.
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