H.R. 3633 · 119th Congress

Digital Asset Market Clarity Act

Introduced on May 29, 2025 by J. French Hill (R-AR-2). 21 cosponsors, 7 of them from another party. Latest action (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.

Stage
Passed one chamber
Introduced
May 29, 2025
Cosponsors
21
7 from the other party
Policy area
Finance and Financial Sector
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

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.

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

Summary

By the Congressional Research Service (Introduced in House, May 29, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

J. French HillR-AR-2Sponsor

Democrats · 7

Republicans · 14

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Passage
    Jul 17, 2025· House· Passage· Passed 294–134
  2. On Cloture on the Motion to Proceed
    Sep 15, 2026· Senate· Cloture· Cloture on the Motion to Proceed Rejected 49–50

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. May 29, 2025Introduced in House
  2. May 29, 2025Introduced in House
  3. May 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.
  4. May 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.
  5. Jun 10, 2025 · HouseCommittee Consideration and Mark-up Session Held
  6. Jun 10, 2025 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 47 - 6.
  7. Jun 10, 2025 · HouseCommittee Consideration and Mark-up Session Held
  8. Jun 10, 2025 · HouseOrdered to be Reported (Amended) by the Yeas and Nays: 32 - 19.
  9. Jun 23, 2025Reported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
  10. Jun 23, 2025 · HouseReported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
  11. Jun 23, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.
  12. Jun 23, 2025 · HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.
  13. Jun 23, 2025 · HousePlaced on the Union Calendar, Calendar No. 134.
  14. Jul 15, 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.
  15. Jul 17, 2025 · HouseConsidered under the provisions of rule H. Res. 580. (consideration: CR H3373)
  16. 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.
  17. Jul 17, 2025 · HouseDEBATE - The House proceeded with one hour of debate on H.R. 3633.
  18. Jul 17, 2025 · HouseThe previous question was ordered pursuant to the rule.
  19. Jul 17, 2025 · 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.
  20. Jul 17, 2025 · HouseConsidered as unfinished business. (consideration: CR H3449)
  21. Jul 17, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).House · Roll call 199
  22. 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)House · Roll call 199
  23. Jul 17, 2025 · HouseMotion to reconsider laid on the table Agreed to without objection.
  24. Sep 18, 2025 · SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  25. May 14, 2026 · SenateCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
  26. Jun 1, 2026Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
  27. Jun 1, 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.
  28. Jun 1, 2026 · SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 423.
  29. Aug 8, 2026 · SenateMotion to proceed to consideration of measure made in Senate. (CR S4557)
  30. Aug 8, 2026 · SenateCloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)
  31. Sep 15, 2026 · 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)Senate · Roll call 234
  32. 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.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. COINBASE INC.14 reports
    $4.9M reported (all issues)Federal contractor: COINBASE INC$4.4M in contracts, FY2026AI match · 99%
  2. VISA INC14 reports
    $11.2M reported (all issues)
  3. SOLANA POLICY INSTITUTE13 reports
    $3M reported (all issues)
  4. CME GROUP INC.12 reports
    $2.3M reported (all issues)
  5. JUMP CRYPTO HOLDINGS LLC11 reports
    $1.2M reported (all issues)
  6. WELLS FARGO AND COMPANY11 reports
    $3.5M reported (all issues)
  7. Crypto Council for Innovation10 reports
    $1.4M reported (all issues)
  8. American Bankers Association9 reports
    $12.5M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  9. BLOCKCHAIN ASSOCIATION9 reports
    $2.2M reported (all issues)
  10. DECENTRALIZATION RESEARCH CENTER9 reports
    $390K reported (all issues)
  11. FINANCIAL SERVICES FORUM9 reports
    $3.1M reported (all issues)
  12. Filecoin Foundation9 reports
    $610K reported (all issues)
  13. DEFI EDUCATION FUND8 reports
    $870K reported (all issues)
  14. JPMORGAN CHASE HOLDINGS LLC8 reports
    $5.8M reported (all issues)
  15. PARADIGM OPERATIONS LP8 reports
    $1.6M reported (all issues)
  16. PayPal, Inc.8 reports
    $1.7M reported (all issues)
  17. Ava Labs Inc.7 reports
    $316K reported (all issues)
  18. DIGITAL CURRENCY GROUP7 reports
    $2M reported (all issues)
  19. Notarize, Inc. DBA Proof.com7 reports
    $290K reported (all issues)
  20. PAYWARD INC. D/B/A KRAKEN7 reports
    $1.2M reported (all issues)
  21. ANCHOR LABS, INC.6 reports
    $728K reported (all issues)
  22. EXODUS MOVEMENT, INC.6 reports
    $280K reported (all issues)
  23. Metrika, Inc.6 reports
    $73K reported (all issues)Federal contractor: METRIKA, INC$780K in contracts, FY2026AI match · 100%
  24. The Charles Schwab Corporation6 reports
    $1M reported (all issues)
  25. WisdomTree Digital Management6 reports
    $150K reported (all issues)
  26. American Association for Justice5 reports
    $7.8M reported (all issues)
  27. Americans for Financial Reform5 reports
    $670K reported (all issues)
  28. Anchorage Digital Bank5 reports
    $300K reported (all issues)
  29. BANK POLICY INSTITUTE5 reports
    $3.3M reported (all issues)
  30. CITADEL ENTERPRISE AMERICAS SERVICES LLC5 reports
    $780K reported (all issues)
  31. CREDIT UNION NATIONAL ASSOCIATION, INC.5 reports
    $5.7M reported (all issues)
  32. Circle5 reports
    $550K reported (all issues)
  33. Digital Asset (US) Corp5 reports
    $150K reported (all issues)
  34. FACT COALITION (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVERNMENT)5 reports
    $120K reported (all issues)
  35. FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON)5 reports
    $1.4M reported (all issues)
  36. GOWEST CREDIT UNION ASSOCIATION5 reports
    $310K reported (all issues)
  37. HUNTINGTON BANCSHARES INC.5 reports
    $730K reported (all issues)
  38. INDEPENDENT COMMUNITY BANKERS OF AMERICA5 reports
    $7.9M reported (all issues)
  39. INTERNATIONAL SWAPS & DERIVATIVES ASSOCIATION INC.5 reports
    $602.7K reported (all issues)
  40. LMAX Group5 reports
    $250K reported (all issues)

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 5, 2026 · loaded Oct 5, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.