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HOUSE 3633119th CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 423.

Digital Asset Market Clarity Act

Last Action
6/1/2026

Actions

  • 2026-08-08Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)
  • 2026-08-08Motion to proceed to consideration of measure made in Senate. (CR S4557)
  • 2026-06-01Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
  • 2026-06-01Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
  • 2026-06-01Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
  • 2026-05-14Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
  • 2025-09-18Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2025-07-17Motion to reconsider laid on the table Agreed to without objection.
  • 2025-07-17On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199). (text of amendment in the nature of a substitute: CR H3373-3397)
  • 2025-07-17Passed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).
  • 2025-07-17Considered as unfinished business. (consideration: CR H3449)
  • 2025-07-17POSTPONED 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.
  • 2025-07-17The previous question was ordered pursuant to the rule.
  • 2025-07-17DEBATE - The House proceeded with one hour of debate on H.R. 3633.
  • 2025-07-17Rule 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.

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2025-05-29 (00)

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.

Cosponsors (20)

  • Glenn Thompson (R-PA)
  • Angie Craig (D-MN)
  • Tom Emmer (R-MN)
  • Dusty Johnson (R-SD)
  • Donald Davis (D-NC)
  • Bryan Steil (R-WI)
  • Ritchie Torres (D-NY)
  • Warren Davidson (R-OH)
  • Josh Gottheimer (D-NJ)
  • Bill Huizenga (R-MI)
  • Zachary Nunn (R-IA)
  • Michael Lawler (R-NY)
  • Daniel Meuser (R-PA)
  • Earl Carter (R-GA)
  • Riley Moore (R-WV)
  • Nicholas Begich (R-AK)
  • Kristen McDonald Rivet (D-MI)
  • Shri Thanedar (D-MI)
  • Mark Messmer (R-IN)
  • Robert Bresnahan (R-PA)

Subjects

  • Advanced technology and technological innovations
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Business records
  • Computer security and identity theft
  • Computers and information technology
  • Currency
  • Data collection, sharing, protection
  • Digital media
  • Financial services and investments
  • Fraud offenses and financial crimes
  • Licensing and registrations
  • Securities
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.