Digital Asset Market Clarity Act
- Introduced May 29
- Committee May 29
- Passed House Jul 17
- Passed Senate Next
- To President Not yet
- Law Not yet
Where it stands
Passed House, Jul 17, 2025Next: Senate vote
42d ago Sep 15, 2026: Motion by Senator Tillis to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 234) entered in Senate.
Final votes
House 294-134
2 roll calls on this bill
Who the bill helps and hurts Subscribe
Companies lobbying on this bill
27 companiesCompanies by sector
Financials 21Technology & Software 3Services 2Other 1
Search all 27 companies, their asks and price moves Subscribe
Votes
House roll 199
On Passage
R 216-0 D 78-134
294-134
Passed
Procedural votes1
Senate roll 234
Cloture on the motion to proceed to the measure
Member positions n/a
49-50
Not invoked
Member trades
Member trades around the votes Subscribe
Summary
Digital Asset Market Clarity Act of 2025 or the CLARITY Act of 2025
Full summary6 paragraphs
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.
Library of Congress summary, May 29, 2025
Summary versions
- Introduced in HouseMay 29, 2025
Actions
- SenateCloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234. (CR S4706)Sep 15, 2026
- SenateMotion by Senator Tillis to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 234) entered in Senate.Sep 15, 2026
- SenateMotion to proceed to consideration of measure made in Senate. (CR S4557)Aug 8, 2026
- SenateCloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)Aug 8, 2026
- SenateCommittee 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
- SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 423.Jun 1, 2026
- SenateCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.May 14, 2026
- SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Sep 18, 2025
- HouseMotion to reconsider laid on the table Agreed to without objection.Jul 17, 2025
- HousePassed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).Jul 17, 2025
- HouseOn 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
- HouseConsidered as unfinished business. (consideration: CR H3449)Jul 17, 2025
All actions26
- HousePOSTPONED 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
- HouseThe previous question was ordered pursuant to the rule.Jul 17, 2025
- HouseDEBATE - The House proceeded with one hour of debate on H.R. 3633.Jul 17, 2025
- HouseRule 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
- HouseConsidered under the provisions of rule H. Res. 580. (consideration: CR H3373)Jul 17, 2025
- HouseRules 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.Jul 15, 2025
- HouseReported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.Jun 23, 2025
- HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.Jun 23, 2025
- HousePlaced on the Union Calendar, Calendar No. 134.Jun 23, 2025
- HouseOrdered to be Reported (Amended) by the Yeas and Nays: 47 - 6.Jun 10, 2025
- HouseCommittee Consideration and Mark-up Session HeldJun 10, 2025
- HouseOrdered to be Reported (Amended) by the Yeas and Nays: 32 - 19.Jun 10, 2025
- HouseIntroduced in HouseMay 29, 2025
- HouseReferred 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
Bill record
Text versions5
- Reported to SenateJun 1, 2026PDF: Reported to Senate
- Referred in SenateSep 18, 2025PDF: Referred in Senate
- Engrossed in HouseJul 17, 2025PDF: Engrossed in House
- Reported in HouseJun 23, 2025PDF: Reported in House
- Introduced in HouseMay 29, 2025PDF: Introduced in House
Committees3
- Senate Banking, Housing, and Urban Affairs CommitteeReported By Jun 1, 2026Markup By, May 14, 2026Referred To, Sep 18, 2025
- House Financial Services CommitteeReported By Jun 24, 2025Markup By, Jun 10, 2025Referred To, May 29, 2025
- House Agriculture CommitteeReported By Jun 24, 2025Markup By, Jun 10, 2025Referred To, May 29, 2025
Sponsor and cosponsors21 cosponsors
- Rep. J. Hill (R-AR-2)Sponsor, May 29, 2025
- Angie Craig (D-MN-2)OriginalJoined May 29, 2025
- Bryan Steil (R-WI-1)OriginalJoined May 29, 2025
- Donald Davis (D-NC-1)OriginalJoined May 29, 2025
- Dusty Johnson (R-SD)OriginalJoined May 29, 2025
- Glenn Thompson (R-PA-15)OriginalJoined May 29, 2025
- Ritchie Torres (D-NY-15)OriginalJoined May 29, 2025
- Tom Emmer (R-MN-6)OriginalJoined May 29, 2025
- Warren Davidson (R-OH-8)OriginalJoined May 29, 2025
- Josh Gottheimer (D-NJ-5)Joined Jun 2, 2025
- Bill Huizenga (R-MI-4)Joined Jun 5, 2025
- Daniel Meuser (R-PA-9)Joined Jun 20, 2025
- Earl Carter (R-GA-1)Joined Jun 20, 2025
- Kristen McDonald Rivet (D-MI-8)Joined Jun 20, 2025
- Mark Messmer (R-IN-8)Joined Jun 20, 2025
- Michael Lawler (R-NY-17)Joined Jun 20, 2025
- Nicholas Begich (R-AK)Joined Jun 20, 2025
- Riley Moore (R-WV-2)Joined Jun 20, 2025
- Robert Bresnahan (R-PA-8)Joined Jun 20, 2025
- Shri Thanedar (D-MI-13)Joined Jun 20, 2025
- Zachary Nunn (R-IA-3)Joined Jun 20, 2025
- Haley Stevens (D-MI-11)Joined Jun 23, 2025
Amendments3
- H.Amdt. 48Jul 17, 2025Pursuant to the provisions of H. Res. 580, in lieu of the amendments in the nature of a substitute recommended by the Committees on Agriculture and Financial Services now printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 119-6, modified by the amendment printed in part B of House Report 119-199 is considered adopted.On agreeing to the Rules amendment (A001) Agreed to without objection.
- S.Amdt. 6772Undated
- S.Amdt. 6771Undated
Cost estimates and reports3
- CBO: Estimated Budgetary Effects of H.R. 3633, CLARITY Act of 2025Jul 10, 2025As posted on the website of the House Committee on Rules on July 2, 2025
- H. Rept. 119-168,Part 1Committee report
- H. Rept. 119-168,Part 2Committee report
Titles7
Short titles
- Lummis-Gillibrand Responsible Financial Innovation Act of 2026Short Title(s) as Reported to Senate for portions of this bill
- Digital Asset Market Clarity ActShort Title(s) as Reported to Senate
- Anti-CBDC Surveillance State ActShort Titles from RFS (Referred to Senate) bill text
- CLARITY Act of 2025Short Titles from RFS (Referred to Senate) bill text
- Digital Asset Market Clarity Act of 2025Short Titles from RFS (Referred to Senate) bill text
Official titles
- To provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.Official Titles as Amended by House
- To provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes.Official Title as Introduced
Subjects14
Policy area
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 registrationsSecurities
Related bills3
- H.Res. 707 119th, Related bill Providing for consideration of the bill (H.R. 4922) to limit youth offender status in the District of Columbia to individuals 18 years of age or younger, to direct the Attorney General of the District of Columbia to establish and operate a publicly accessible website containing updated statistics on juvenile crime in the District of Columbia, to amend the District of Columbia Home Rule Act to prohibit the Council of the District of Columbia from enacting changes to existing criminal liability sentences, and for other purposes; providing for consideration of the bill (H.R. 5143) to establish standards for law enforcement officers in the District of Columbia to engage in vehicular pursuits of suspects, and for other purposes; providing for consideration of the bill (H.R. 5140) to lower the age at which a minor may be tried as an adult for certain criminal offenses in the District of Columbia to 14 years of age; providing for consideration of the bill (H.R. 5125) to amend the District of Columbia Home Rule Act to terminate the District of Columbia Judicial Nomination Commission, and for other purposes; providing for consideration of the bill (H.R. 1047) to require the Federal Energy Regulatory Commission to reform the interconnection queue process for the prioritization and approval of certain projects, and for other purposes; providing for consideration of the bill (H.R. 3015) to reestablish the National Coal Council in the Department of Energy to provide advice and recommendations to the Secretary of Energy on matters related to coal and the coal industry, and for other purposes; providing for consideration of the bill (H.R. 3062) to establish a more uniform, transparent, and modern process to authorize the construction, connection, operation, and maintenance of international border-crossing facilities for the import and export of oil and natural gas and the transmission of electricity; and for other purposes.
- H.R. 3690 119th, Related bill Securing Innovation in Financial Regulation Act
- H.Res. 580 119th, Related bill, Procedurally related Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.