HR 3633 119th Congress House Finance and Financial Sector

Digital Asset Market Clarity Act of 2025

Introduced: May 29, 2025 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov

Everywhere this bill has been 20 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 14, 2026

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Sep 18, 2025

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jul 17, 2025

Motion to reconsider laid on the table Agreed to without objection.

Jul 17, 2025

On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199). (text of amendment in the nature of a substitute: CR H3373-3397)

Jul 17, 2025

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).

Jul 17, 2025

Considered as unfinished business. (consideration: CR H3449)

Jul 17, 2025

POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 3633, the Chair put the question on passage of the bill and by voice vote, announced that the ayes had prevailed. Ms. Craig demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

Jul 17, 2025

The previous question was ordered pursuant to the rule.

Jul 17, 2025

DEBATE - The House proceeded with one hour of debate on H.R. 3633.

Jul 17, 2025

Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.

Jul 17, 2025

Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)

Jul 15, 2025

Rules Committee Resolution H. Res. 580 Reported to House. Rule provides for consideration of H.R. 4016, H.R. 3633, H.R. 1919 and S. 1582. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.

Jun 23, 2025

Placed on the Union Calendar, Calendar No. 134.

Jun 23, 2025

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.

Jun 23, 2025

Reported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.

Jun 10, 2025

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

Jun 10, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 6.

Jun 10, 2025

Committee Consideration and Mark-up Session Held

May 29, 2025

Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

May 29, 2025

Introduced in House

Plain-English summary Congressional Research Service

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.

What's happening now May 14, 2026

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Cosponsors 14 matching