Digital Asset Market Clarity Act

Sponsored byRep. Hill, J. French [R-AR-2]AR· Introduced 29 mai 2025

Open on Congress.gov

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Actions

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

1 juin 2026·1 month ago

Summary

Introduced in House · Updated 14 juillet 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

Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
1 juin 2026 · Calendars
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 juin 2026 · Committee
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 juin 2026 · Committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
14 mai 2026 · Committee
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
14 mai 2026 · Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
18 septembre 2025 · IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
18 septembre 2025 · IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
18 septembre 2025 · IntroReferral
DEBATE - The House proceeded with one hour of debate on H.R. 3633.
17 juillet 2025 · Floor
Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)
17 juillet 2025 · Floor
Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)
17 juillet 2025 · Floor
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 juillet 2025 · Floor
DEBATE - The House proceeded with one hour of debate on H.R. 3633.
17 juillet 2025 · Floor
Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)
17 juillet 2025 · Floor
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 juillet 2025 · Floor
Considered as unfinished business. (consideration: CR H3449)
17 juillet 2025 · Floor
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 juillet 2025 · Floor
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 juillet 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
17 juillet 2025 · Floor
The previous question was ordered pursuant to the rule.
17 juillet 2025 · Floor

8 earlier actionsView all on Congress.gov

Sponsorship

21 cosponsors

Sponsor

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

Cosponsors

Democrat733%
Republican1467%

Democrat:Rep. Stevens, Haley M. [D-MI-11]MI
Democrat:Rep. Thanedar, Shri [D-MI-13]MI
Republican:Rep. Lawler, Michael [R-NY-17]NY
Republican:Rep. Messmer, Mark B. [R-IN-8]IN
Democrat:Rep. McDonald Rivet, Kristen [D-MI-8]MI
Republican:Rep. Carter, Earl L. "Buddy" [R-GA-1]GA
Republican:Rep. Nunn, Zachary [R-IA-3]IA
Republican:Rep. Meuser, Daniel [R-PA-9]PA
Republican:Rep. Moore, Riley M. [R-WV-2]WV
Republican:Rep. Bresnahan, Robert P. [R-PA-8]PA
Republican:Rep. Begich, Nicholas J. [R-AK-At Large]AK
Republican:Rep. Huizenga, Bill [R-MI-4]MI
Democrat:Rep. Gottheimer, Josh [D-NJ-5]NJ
Republican:Rep. Thompson, Glenn [R-PA-15]PA
Republican:Rep. Steil, Bryan [R-WI-1]WI
Republican:Rep. Davidson, Warren [R-OH-8]OH
Republican:Rep. Johnson, Dusty [R-SD-At Large]SD
Democrat:Rep. Davis, Donald G. [D-NC-1]NC
Democrat:Rep. Craig, Angie [D-MN-2]MN
Republican:Rep. Emmer, Tom [R-MN-6]MN
Democrat:Rep. Torres, Ritchie [D-NY-15]NY

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

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

Amendments

HAMDT 48Agreed
17 juillet 2025

Track Digital Asset Market Clarity Act as it moves through Congress