H.R. 3633

119th Congress

Reported

Digital Asset Market Clarity Act

Sponsored byRepublican:Rep. Hill, J. French [R-AR-2]AR· Introduced 29 May 2025
Open on Congress.gov

21

Cosponsors

28

Actions

1

Amendments

3

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.

1 June 2026·1 month ago

Summary

Introduced in House · Updated 14 July 2025

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.

Timeline

28 actions

  1. Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.

    1 June 2026 · Calendars

  2. Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.

    1 June 2026 · Committee

  3. Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.

    1 June 2026 · Committee

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

    14 May 2026 · Committee

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

    14 May 2026 · Committee

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

    18 September 2025 · IntroReferral

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

    18 September 2025 · IntroReferral

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

    18 September 2025 · IntroReferral

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

    17 July 2025 · Floor

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

    17 July 2025 · Floor

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

    17 July 2025 · Floor

  12. 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.

    17 July 2025 · Floor

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

    17 July 2025 · Floor

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

    17 July 2025 · Floor

  15. 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.

    17 July 2025 · Floor

  16. Considered as unfinished business. (consideration: CR H3449)

    17 July 2025 · Floor

  17. 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.

    17 July 2025 · Floor

  18. 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)

    17 July 2025 · Floor

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

    17 July 2025 · Floor

  20. The previous question was ordered pursuant to the rule.

    17 July 2025 · Floor

8 earlier actionsView all on Congress.gov

Sponsorship

21 cosponsors

Sponsor

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

Cosponsors

  • Democrat733%
  • Republican1467%

Classification

Policy area

Finance and Financial Sector

Legislative 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 registrations

Committees

3

  • Agriculture Committee

    House · Standing

    • Referred To29 May 2025
    • Markup By10 Jun 2025
    • Reported By24 Jun 2025

  • Financial Services Committee

    House · Standing

    • Referred To29 May 2025
    • Markup By10 Jun 2025
    • Reported By24 Jun 2025

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To18 Sept 2025
    • Markup By14 May 2026
    • Reported By1 Jun 2026

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 8 on 29 May 2025 to 21 on 23 June 2025.

Amendments

1

  • HAMDT 48Agreed

    17 July 2025

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