U.S. House of Representatives to consider CLARITY Act, crypto market structure bill, next week

Odaily News The U.S. House of Representatives' digital asset market structure bill, the CLARITY Act, will enter the review and revision stage at 10 a.m. Eastern Time on June 10 (22:00 Beijing Time on June 10). The eight major crypto policy organizations previously issued a joint statement calling for the inclusion of the Blockchain Regulatory Certainty Act (BRCA). There are differences within the industry over the current text of the bill. Some crypto-native companies pointed out that the current draft allows SEC-registered institutions such as Charles Schwab to immediately provide digital commodity services after the bill is passed, while crypto companies have to face a more complicated CFTC registration process, which may cause an imbalance in competition between traditional finance and crypto companies. (Cryptoinamerica)