According to Deep Tide TechFlow, on June 6, the U.S. House of Representatives plans to mark up the digital asset market structure bill, the CLARITY Act, next Tuesday. Eight major cryptocurrency policy organizations jointly stated that they urge Congress to include the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act to protect software developers and infrastructure providers who do not custody user funds.
Some encrypted native enterprises express concerns about the existing text of the bill, believing that it may give traditional financial institutions an advantage over encrypted native companies. According to the current text, SEC-registered companies like Wall Street institutions such as Charles Schwab will immediately provide digital commodity services after the bill passes, while encrypted native companies may face a more complicated CFTC registration process.