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H.R. 3633

Introduced

Digital Asset Market Clarity Act

Introduced 5/29/2025•119th Congress•House

Latest Action

Motion by Senator Tillis to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 234) entered in Senate.

9/15/2026 • Senate

Summary

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.

Introduced in House • 5/29/2025

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Topics & Subjects

Advanced technology and technological innovationsBank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsComputer security and identity theftComputers and information technologyCurrencyData collection, sharing, protectionDigital mediaFinancial services and investmentsFraud offenses and financial crimesLicensing and registrationsSecurities

Amendments (3)

This bill has 3 amendments proposed or adopted.

View all amendments on Congress.gov

Related Federal Spending

Sponsor & Cosponsors (22)

Party Breakdown

7
Democrats
15
Republicans
0
Independents

Sponsor

R[
Rep. Hill, J. French [R-AR-2]

Republican • AR-2

Sponsored 5/29/2025

Cosponsors (21)

R[
Rep. Thompson, Glenn [R-PA-15]

R-PA-15

Joined 5/29/2025

R[
Rep. Craig, Angie [D-MN-2]

D-MN-2

Joined 5/29/2025

R[
Rep. Emmer, Tom [R-MN-6]

R-MN-6

Joined 5/29/2025

R[
Rep. Davis, Donald G. [D-NC-1]

D-NC-1

Joined 5/29/2025

R[
Rep. Steil, Bryan [R-WI-1]

R-WI-1

Joined 5/29/2025

Bill Journey

Originated in the House

Introduced

May 29, 2025

Committee Review

June 10, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 19.

Floor Debate

July 17, 2025

Passed Chamber

July 17, 2025

Other Chamber

President

Enacted into Law

Text Versions (5)

Reported to Senate6/1/2026
Referred in Senate9/18/2025
Engrossed in House7/17/2025
Reported in House6/23/2025
Introduced in House5/29/2025

Related Bills (3)

H.Res. 707

Providing for consideration of the bill (H.R. 4922) to limit youth offender status in the District of Columbia to individuals 18 years of age or younger, to direct the Attorney General of the District of Columbia to establish and operate a publicly accessible website containing updated statistics on juvenile crime in the District of Columbia, to amend the District of Columbia Home Rule Act to prohibit the Council of the District of Columbia from enacting changes to existing criminal liability sentences, and for other purposes; providing for consideration of the bill (H.R. 5143) to establish standards for law enforcement officers in the District of Columbia to engage in vehicular pursuits of suspects, and for other purposes; providing for consideration of the bill (H.R. 5140) to lower the age at which a minor may be tried as an adult for certain criminal offenses in the District of Columbia to 14 years of age; providing for consideration of the bill (H.R. 5125) to amend the District of Columbia Home Rule Act to terminate the District of Columbia Judicial Nomination Commission, and for other purposes; providing for consideration of the bill (H.R. 1047) to require the Federal Energy Regulatory Commission to reform the interconnection queue process for the prioritization and approval of certain projects, and for other purposes; providing for consideration of the bill (H.R. 3015) to reestablish the National Coal Council in the Department of Energy to provide advice and recommendations to the Secretary of Energy on matters related to coal and the coal industry, and for other purposes; providing for consideration of the bill (H.R. 3062) to establish a more uniform, transparent, and modern process to authorize the construction, connection, operation, and maintenance of international border-crossing facilities for the import and export of oil and natural gas and the transmission of electricity; and for other purposes.

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H.R. 3690

Securing Innovation in Financial Regulation Act

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H.Res. 580

Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

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Details

Bill TypeHR
Current StatusIntroduced
Cosponsors21