According to The Block, the U.S. House Agriculture Committee passed the Digital Asset Market Clarity Act on Tuesday with 47 votes in favor and 6 votes against. The bill will clarify the regulatory division between the SEC and CFTC for cryptocurrencies, requiring digital asset companies to disclose customer information and isolate customer funds. The latest revised terms clarify that non custodial platforms and their developers do not belong to "unlicensed service providers". The bill needs to be passed by the House Financial Services Committee before it can be submitted for a full house vote. Earlier on Tuesday, during the debate on the "Clarity" bill in the House Agriculture Committee, some lawmakers raised concerns about the need for the CFTC to increase funding and personnel. The CFTC is relatively small with less than 1000 employees, while the SEC has over 4000 employees. According to Reuters, 600 employees left the SEC earlier this year.