Digital Asset Market Clarity Act

What this measure contains

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.

The latest Congressional Research Service summary in the bill's GovInfo status record, or its official title when no summary has been published. Amendments can change the wording; read a specific version for its complete provisions.

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Bill text and versions

Drafts can change as a measure moves through Congress. Check the version attached to a recorded vote.

• Reported to Senate · Official document ↗· Jun 1, 2026
• Referred in Senate · Official document ↗· Sep 18, 2025
• Engrossed in House · Official document ↗· Jul 17, 2025
• Reported in House · Official document ↗· Jun 23, 2025
• Introduced in House · Official document ↗· May 29, 2025

Legislative path

Each stage below is a House or Senate floor decision: every recorded roll call on this measure, plus passage by voice vote or unanimous consent, which records no individual votes. Each stage shows the latest version published before that day; the chamber may have voted on an amended text. Roll calls name every member. A member's row follows their votes, and a highlighted vote marks where they voted for advancing the measure at one stage and against it at another (passage, cloture, motions to proceed, agreeing to the other chamber's version). Amendments and motions such as recommit or table don't count as a change, because an aye there isn't a vote for the measure.

1. Introduced in House
2. Reported in House
3. Engrossed in Houseby House passage
4. Referred in Senate
5. Reported to Senate

Decision stages

1. Jul 17, 2025 · House

   House passage on Reported in House: Passed, reported as Engrossed in House

   294 aye · 134 no · 4 not voting · Source roll call

2. Sep 15, 2026 · Senate

   Senate cloture to proceed on Reported to Senate: Cloture on the Motion to Proceed Rejected

   49 aye · 50 no · 1 not voting · Source roll call

Senate members along the path

House members along the path

Aye yea or aye · No nay or no · Present · NV not voting · Changed reversed on advancing the measure

Members are identified by the Bioguide ID in each roll call, not by name. Not voting is not a no vote; a blank cell means the member wasn't listed for that roll call.Congress.gov actions ↗

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Legislative history

1. May 29, 2025

   Introduced in House

2. 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.

3. Jun 10, 2025

   Committee Consideration and Mark-up Session Held

4. Jun 10, 2025

   Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 6.

5. Jun 10, 2025

   Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 19.

6. Jun 23, 2025

   Reported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.

7. Jun 23, 2025

   Reported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.

8. Jun 23, 2025

   Placed on the Union Calendar, Calendar No. 134.

9. 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.

10. Jul 17, 2025

    Considered under the provisions of rule H. Res. 580. (consideration: CR H3373)

11. 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.

12. Jul 17, 2025

    DEBATE - The House proceeded with one hour of debate on H.R. 3633.

13. Jul 17, 2025

    The previous question was ordered pursuant to the rule.

14. 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.

15. Jul 17, 2025

    Considered as unfinished business. (consideration: CR H3449)

16. Jul 17, 2025

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).

17. 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)

18. Jul 17, 2025

    Motion to reconsider laid on the table Agreed to without objection.

19. Sep 18, 2025

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

20. May 14, 2026

    Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

21. 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.

22. Jun 1, 2026

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

23. Aug 8, 2026

    Motion to proceed to consideration of measure made in Senate. (CR S4557)

24. Aug 8, 2026

    Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)

25. Sep 15, 2026

    Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234. (CR S4706)

26. 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.

Bill sponsors