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119th Congress Finance and Financial Sector

H.R. 3633: Digital Asset Market Clarity Act of 2025

Digital Asset Market Clarity Act

Passed HouseJul 17, 2025

  1. Introduced (completed)May 29, 2025
  2. Passed House (completed)Jul 17, 2025, 294–134
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 29, 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.

Read the full summary

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.

Written by the Congressional Research Service, Library of Congress.

Key votes

House final vote, Jul 17, 2025

On Passage

Passed 294–134

Yea 294majority 215Nay 134

  • Democrats78 yea, 134 nay
  • Republicans215 yea, 0 nay
  • Independents1 yea, 0 nay

Broke with their party: George Whitesides (D-CA), Eugene Vindman (D-VA), Gabriel (Gabe) Vasquez (D-NM), Marc Veasey (D-TX), Derek Tran (D-CA), Shri Thanedar (D-MI), Ritchie Torres (D-NY), Mike Thompson (D-CA), Lateefah Simon (D-CA) and Suhas Subramanyam (D-VA) voted Yea; and 68 more

See how all 428 members voted

Showing 432 of 432 members

Yea 294

Republicans (215)

Democrats (78) broke with their party

Independents (1)

Nay 134

Democrats (134)

Not voting 4

Republicans (4)

Senate

Not yet voted

Passed the House Jul 17, 2025. Awaiting Senate action.

Roll calls

2 votes on this bill

Showing 2 of 2 roll calls

  • Sep 15, 2026SenateClotureFailed, yea-nay 49–50
    Roll call 234 tally by party
    PartyYeaNayPresentNot voting
    Democrats04401
    Republicans49400
    Independents0200
    Total495001

    Senate roll call 234: On Cloture on the Motion to Proceed. Cloture on the Motion to Proceed Rejected.

    4 crossed party lines: 4 Republicans

    How each member voted (100)
  • Jul 17, 2025HouseOn PassageFinal passagePassed, yea-nay 294–134
    Roll call 199 tally by party
    PartyYeaNayPresentNot voting
    Democrats7813400
    Republicans215004
    Independents1000
    Total29413404

    House roll call 199: On Passage. Passed.

    78 crossed party lines: 78 Democrats

    How each member voted (432)

Amendments

2 offered

Showing 2 of 2 amendments

Cosponsors

21

Bipartisan support.

Who scored on this bill

648 points earned
  1. 1J. Hill R-AR SponsorDrew cross-party cosponsors, introduced, marked up, reported, passed House5 events+68
  2. 2Angie Craig D-MN1 maverick vote; cosponsored; cosponsored bill passed3 events+10
  3. 2Donald Davis D-NC1 maverick vote; cosponsored; cosponsored bill passed3 events+10
  4. 2Josh Gottheimer D-NJ1 maverick vote; cosponsored; cosponsored bill passed3 events+10
  5. 2Kristen McDonald Rivet D-MI1 maverick vote; cosponsored; cosponsored bill passed3 events+10
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by J. Hill

History

  1. Jul 17, 2025Passed the House, 294–134.
  2. May 29, 2025Introduced in the House by J. Hill.
Show the full action history (29 actions)
  1. Sep 15, 2026Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234. (CR S4706)
  2. Sep 15, 2026Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234.
  3. Sep 15, 2026Motion 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.
  4. Aug 8, 2026Motion to proceed to consideration of measure made in Senate. (CR S4557)
  5. Aug 8, 2026Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)
  6. Aug 8, 2026Motion to proceed to consideration of measure made in Senate.
  7. Aug 8, 2026Cloture motion on the motion to proceed to the measure presented in Senate.
  8. 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.
  9. Jun 1, 2026Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
  10. May 14, 2026Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
  11. Sep 18, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  12. Jul 17, 2025Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)
  13. Jul 17, 2025Rule 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.
  14. Jul 17, 2025DEBATE - The House proceeded with one hour of debate on H.R. 3633.
  15. Jul 17, 2025The previous question was ordered pursuant to the rule.
  16. Jul 17, 2025POSTPONED 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. Jul 17, 2025Considered as unfinished business. (consideration: CR H3449)
  18. Jul 17, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).
  19. Jul 17, 2025On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199). (text of amendment in the nature of a substitute: CR H3373-3397)
  20. Jul 17, 2025Motion to reconsider laid on the table Agreed to without objection.
  21. Jul 15, 2025Rules 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.
  22. Jun 23, 2025Reported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
  23. Jun 23, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.
  24. Jun 23, 2025Placed on the Union Calendar, Calendar No. 134.
  25. Jun 10, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 6.
  26. Jun 10, 2025Committee Consideration and Mark-up Session Held
  27. Jun 10, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 19.
  28. May 29, 2025Introduced in House
  29. May 29, 2025Referred 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.