The US House of Representatives will review the CLARITY Act on the structure of the digital asset market next Tuesday

According to Crypto in America, the US House of Representatives plans to review the CLARITY Act on digital asset market structure next Tuesday. At the same time, eight major crypto policy organizations have 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 host user funds. Some crypto native companies 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 such as Charles Schwab and other Wall Street institutions will immediately provide digital commodity services after the bill is passed, while crypto native companies may face a more complex CFTC registration process.