US Congress · 119th Congress (2025-2026)

HR 3633Passed Second Chamber Committee

Digital Asset Market Clarity Act

Source of recordUS Congress · congress.govLast synced Aug 11, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

The Digital Asset Market Clarity Act establishes a regulatory framework for digital commodities, defined as digital assets relying on blockchain technology. The Commodity Futures Trading Commission (CFTC) will generally regulate digital commodity transactions, including exchanges, brokers, and dealers, with specific requirements for qualifying assets and trade monitoring. The bill also exempts certain mature blockchains from SEC registration and grants the SEC jurisdiction over digital commodity activities involving brokers and dealers on alternative trading systems. It establishes requirements for digital commodity related persons and affiliated persons, and addresses issues like anti-money laundering and custody activities.

Key provisions

Defines ‘digital commodity’ as a digital asset linked to a blockchain system.
Assigns regulatory authority to the CFTC for digital commodities.
Establishes criteria for qualifying digital commodities for exchange trading (mature blockchain or issuer reporting).
Exempts digital commodities on mature blockchains from SEC registration.
Requires trade monitoring, recordkeeping, and commingling of customer assets.
Addresses anti-money laundering requirements for digital commodity exchanges, brokers, and dealers.
Provides for registration of digital commodity brokers and dealers.
Establishes rules for decentralized finance messaging systems and trading protocols.

Who is affected

Commodity Futures Trading Commission

Bill text

Read the latest version inline or switch to a previous version.

May 29, 2025XMLView source

Text extraction is in progress. View the official source.

Legislative history

30 recorded actions · showing the most recent 12

Jul 17, 2025House

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.

Jul 17, 2025House

The previous question was ordered pursuant to the rule.

Jul 17, 2025House

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

Jul 17, 2025House

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 17, 2025House

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

Sep 18, 2025Senate

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

May 14, 2026Senate

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

Jun 1, 2026Senate

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

Jun 1, 2026Senate

Committee 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

Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, with an amendment in the nature of a substitute. Without written report.

Aug 8, 2026Senate

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

Aug 8, 2026Senate

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

Votes

Recorded roll calls and chamber actions on this bill.

Vote map

US House by district

Loading map data

Updating map data

0 districts with vote data

Nay

Yea

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Recorded roll calls

Geography

Recorded positions across the country.

No public positions recorded for this legislation.

Arguments

Reasons offered for and against this legislation.

Arguments in favor

No arguments in favor have been submitted.

Submit yours

Arguments opposed

No arguments opposed have been submitted.

Submit yours

Digital Asset Market Clarity Act

Progress