The U.S. House of Representatives will review the CLARITY Act, with eight major encryption policy organizations calling for the inclusion of BRCA protection provisions.

According to reports, the U.S. House of Representatives plans to mark the CLARITY Act, a bill on the structure of the digital asset market, 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) into the CLARITY Act to protect software developers and infrastructure providers who do not hold user funds in custody. Some crypto-native companies have expressed concerns about the current text of the bill, arguing that it could give traditional financial institutions an advantage over crypto-native companies. According to the current text, SEC-registered firms such as Wall Street institutions such as Charles Schwab will offer digital goods services as soon as the bill is passed, while crypto-native companies may face a more complex CFTC registration process.