Deep Tide 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 CLARITY Act next Tuesday. Meanwhile, eight major crypto policy organizations issued a joint statement urging 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 crypto-native businesses have expressed concerns about the existing text of the bill, believing that it may give traditional financial institutions an advantage over crypto-native companies. According to the current text, SEC-registered companies like Charles Schwab and other Wall Street institutions will be able to offer digital commodity services immediately after the bill is passed, while crypto-native companies may face a more complex CFTC registration process.