senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 3633Passed House
Digital Asset Market Clarity Act
Introduced: May 29, 2025
Latest action date: Sep 15, 2026
Latest development
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.
Your view
- Congress
- 119th Congress
- Introduced
- May 29, 2025
- Recorded roll calls
- 1
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 13 official 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
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
houseStanding
Agriculture Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
View amendments3 amendments
H.Amdt. 48houseAgreed toJul 17, 2025
Pursuant 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.
Latest action: On agreeing to the Rules amendment (A001) Agreed to without objection.
S.Amdt. 6772senateStatus unavailable
S.Amdt. 6772
S.Amdt. 6771senateStatus unavailable
S.Amdt. 6771
Checked against Congress.gov Sep 16, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline30 actions
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.
FloorSenateCloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234.
FloorSenateCloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)
FloorSenateMotion to proceed to consideration of measure made in Senate. (CR S4557)
FloorSenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 423.
CalendarsSenateCommittee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
CommitteeSenateCommittee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.
CommitteeLibrary of CongressCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
CommitteeSenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsOn passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199). (text of amendment in the nature of a substitute: CR H3373-3397)
FloorHouse floor actionsPassed/agreed to in House: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).
FloorLibrary of CongressConsidered as unfinished business. (consideration: CR H3449)
FloorHouse floor actionsPOSTPONED 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.
FloorHouse floor actionsThe previous question was ordered pursuant to the rule.
FloorHouse floor actionsDEBATE - The House proceeded with one hour of debate on H.R. 3633.
FloorHouse floor actionsRule 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.
FloorHouse floor actionsConsidered under the provisions of rule H. Res. 580. (consideration: CR H3373)
FloorHouse floor actionsRules 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.
FloorHouse floor actionsReported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
CommitteeHouse floor actionsReported (Amended) by the Committee on Agriculture. H. Rept. 119-168, Part I.
CommitteeLibrary of CongressPlaced on the Union Calendar, Calendar No. 134.
CalendarsHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-168, Part II.
CommitteeLibrary of CongressOrdered to be Reported (Amended) by the Yeas and Nays: 32 - 19.
CommitteeHouse committee actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsOrdered to be Reported (Amended) by the Yeas and Nays: 47 - 6.
CommitteeHouse committee actionsIntroduced in House
IntroReferralLibrary of CongressReferred 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.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
Cloture on the Motion to Proceed Rejected (49-50, 3/5 majority required)Sep 15, 2026Senate · Roll call 234
On Cloture on the Motion to Proceed H.R. 3633
50 Nay49 Yea1 Not Voting
View 100 recorded positions
Alex PadillaNay
Andy KimNay
Ashley MoodyYea
Bill CassidyYea
Bill HagertyYea
Brian SchatzNay
Christopher A. CoonsNot Voting
Dan SullivanYea
Deb FischerYea
Eric SchmittYea
Jack ReedNay
Jacky RosenNay
Jeff MerkleyNay
Jerry MoranNay
Jim BanksYea
John BoozmanYea
John CornynYea
John HoevenYea
John KennedyYea
John ThuneYea
Jon HustedYea
Jon OssoffNay
Joni ErnstYea
Josh HawleyNay
Kevin CramerYea
Mark KellyNay
Mike CrapoYea
Mike LeeYea
Mike RoundsYea
Patty MurrayNay
Peter WelchNay
Rand PaulYea
Rick ScottYea
Ron JohnsonYea
Ron WydenNay
Steve DainesYea
Ted BuddYea
Ted CruzYea
Thom TillisNay
Tim KaineNay
Tim ScottYea
Tim SheehyYea
Tina SmithNay
Todd YoungYea
Tom CottonYea
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