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HR 3633 119th Congress House Finance and Financial Sector 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

CLARITY Act of 2025

Introduced: May 29, 2025 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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White House position
Supports Statement of Administration Policy · Trump administration · Jul 15, 2025 Read the SAP
 Everywhere this bill has been 21 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 1, 2026
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
Jun 1, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
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
The previous question was ordered pursuant to the rule.
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
Motion to reconsider laid on the table Agreed to without objection.
Jul 17, 2025
DEBATE - The House proceeded with one hour of debate on H.R. 3633.
Jul 17, 2025
Considered as unfinished business. (consideration: CR H3449)
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
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
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
Reported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
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 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
Introduced in House
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.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 17, 2025 House · vote #199 On Passage Passed 294–134 See who voted →
 Amendments to this bill 1

1 agreed to

AmendmentSponsorPurposeStatusLatest action
HAMDT 48 — Pursuant to the provisions of H. Res. 580, in lieu of the amendments in the nature of a substitute recommende… Agreed to Jul 17, 2025
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 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 June 1, 2026

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

 Hearings & markups 4
 Related & companion bills 3
  • HRES 707 Related bill Providing for consideration of the bill (H.R. 4922) to limit youth offender status in the District of Columbia to indiv…
  • HR 3690 Related bill Securing Innovation in Financial Regulation Act
  • HRES 580 Related bill Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal …
 Bill text 5 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Lobbying activity 509

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • OGR
    for FUTURES INDUSTRY ASSOCIATION · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
  • OGR
    for AMERICAN BANKERS ASSOCIATION · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
  • OGR
    for CME GROUP, INC. · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
  • BMO BANK N.A. (FKA BMO HARRIS BANK N.A.)
    for BMO BANK N.A. (FKA BMO HARRIS BANK N.A.) · Illinois · 2nd Quarter (Apr 1 - June 30) 2026
  • INVARIANT LLC
    for PUDGY PENGUINS, INC. · Florida · 2nd Quarter (Apr 1 - June 30) 2026
  • INVARIANT LLC
    for MYSTEN LABS, INC. · California · 2nd Quarter (Apr 1 - June 30) 2026
See all 509 filings →
 Cosponsors 21
All 21 Democratic 7 Republican 14
D
Stevens, Haley M.
Michigan · Jun 23, 2025
 R
Begich, Nicholas J.
Alaska · Jun 20, 2025
 R
Bresnahan, Robert P.
Pennsylvania · Jun 20, 2025
 R
Carter, Earl L. "Buddy"
Georgia · Jun 20, 2025
 R
Lawler, Michael
New York · Jun 20, 2025
 D
McDonald Rivet, Kristen
Michigan · Jun 20, 2025
 R
Messmer, Mark B.
Indiana · Jun 20, 2025
 R
Meuser, Daniel
Pennsylvania · Jun 20, 2025
 R
Moore, Riley M.
West Virginia · Jun 20, 2025
 R
Nunn, Zachary
Iowa · Jun 20, 2025
 D
Thanedar, Shri
Michigan · Jun 20, 2025
 R
Huizenga, Bill
Michigan · Jun 5, 2025
 D
Gottheimer, Josh
New Jersey · Jun 2, 2025
 D
Craig, Angie
Minnesota · May 29, 2025
 R
Davidson, Warren
Ohio · May 29, 2025
 D
Davis, Donald G.
North Carolina · May 29, 2025
 R
Emmer, Tom
Minnesota · May 29, 2025
 R
Johnson, Dusty
South Dakota · May 29, 2025
 R
Steil, Bryan
Wisconsin · May 29, 2025
 R
Thompson, Glenn
Pennsylvania · May 29, 2025
 D
Torres, Ritchie
New York · May 29, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3633: Digital Asset Market Clarity Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3633/
MLA
"H.R. 3633: Digital Asset Market Clarity Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3633/.
Bluebook (legal)
H.R. 3633, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3633/.
Markdown link
[H.R. 3633: Digital Asset Market Clarity Act](https://openamerica.io/bill/119-HR-3633/)
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