The U.S. House of Representatives will review the CLARITY Act, a digital asset market structure bill, next Tuesday

according to Crypto in America, the U.S. House of Representatives plans to mark up the CLARITY Act, a digital asset market structure bill, next Tuesday. At the same time, 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 native crypto companies have expressed concerns about the existing text of the bill, believing that it may give traditional financial institutions an advantage over native crypto companies. Under the current text, SEC registered companies such as Charles Schwab and other Wall Street institutions will be able to offer digital asset services immediately after the bill is passed, while native crypto companies may face a more complex CFTC registration process.