According to Cryptoina, the CLARITY Act, a digital asset market structure bill in the US House of Representatives, will enter the review and revision stage at 10:00 AM Eastern Time on June 10th (10:00 PM Beijing Time on June 10th). 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 regarding the current text of the bill. Some native crypto companies have pointed out that the current draft allows SEC registration agencies such as Jiaxin Wealth Management to immediately launch digital commodity services after the bill is passed, while crypto companies need to face a more complex CFTC registration process, which may cause an imbalance in competition between traditional finance and crypto companies.
At the same time, Democrats in the House Financial Services Committee will hold a minority hearing at 9am on the same day, focusing on examining Trump's "crypto related misconduct" and potential risks under the CLARITY Act. The witnesses at the hearing include former CFTC Chairman Timothy Massad and other experts, covering topics such as the national security implications of the Stop Trump Crypto Act (H.R. 3573) and investor protection issues. The Democratic Party stated that this hearing aims to comprehensively evaluate the potential consequences of the market structure bill.
