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119th Congress

H.R. 3633

Digital Asset Market Clarity Act

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
J. French Hill(R-AR)
Introduced
May 29, 2025
Policy area
Finance and Financial Sector
Committees
House Committee on Agriculture; House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
Official text
Reported to Senate · Congress.gov page

Cosponsors (21)

Original cosponsors (8)

Added later (13)

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

Digital Asset Market Clarity Act of 2025 or the CLARITY Act of 2025 This bill establishes a regulatory framework for digital commodities, defined by the bill as digital assets that rely upon a blockchain for their value. The Commodity Futures Trading Commission must generally regulate digital commodities transactions, including digital commodity exchanges, brokers, and dealers. To qualify for trade on an exchange (1) a digital commodity’s blockchain must be mature, or on a blockchain system that has achieved decentralized control as defined by the bill; or (2) the issuer of the digital commodity must file certain reports. The bill establishes requirements for trade monitoring, recordkeeping, and the commingling of customer assets. The bill exempts digital commodities on mature blockchains (and digital commodities on blockchains expected to mature within certain timeframes) from Securities and Exchange Commission (SEC) registration requirements if annual sales fall under a certain amount and other requirements are met. The bill provides the SEC with jurisdiction over digital commodity activities and transactions engaged in by certain brokers and dealers on alternative trading systems and by national securities exchanges. Digital commodity exchanges, brokers, and dealers are subject to the Bank Secrecy Act for anti-money laundering and related purposes. The bill also sets forth requirements for alternative trading systems, previously issued digital commodities, and provisional registration until the bill is implemented. For more information on this bill, see CRS Insight IN12583, Crypto Legislation: An Overview of H.R. 3633, the CLARITY Act.

Roll-call votes

DateVoteResultYour members
Sep 15, 2026
Senate #234		Motion to Invoke Cloture: Motion to Proceed to H.R. 3633Cloture on the Motion to Proceed RejectedSet your home to see
Jul 17, 2025
House #199		On Passage: CLARITY ActPassedSet your home to see

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