TechFlow news, on June 6, according to Crypto in America, the U.S. House of Representatives plans to mark up the digital asset market structure bill, the CLARITY Act, next Tuesday. Meanwhile, eight major crypto policy organizations have issued a joint statement urging Congress to incorporate the Blockchain Regulatory Certainty Act (BRCA) into the CLARITY Act to protect software developers and infrastructure providers that do not custody user funds.
Some crypto-native companies have expressed concerns about the current text of the bill, arguing it may give traditional financial institutions an advantage over crypto-native firms. Under the current language, SEC-registered entities such as Charles Schwab and other Wall Street institutions could immediately offer digital commodity services upon passage of the bill, while crypto-native companies might face a more complex CFTC registration process.
