Digital Asset Market Clarity Act
Latest action (Aug 8, 2026) — on the to the measure presented in Senate. (CR S4557)
What it does
Congressional Research Service, May 29, 2025Digital 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.
Face Value
as passed the HouseHow much of this bill its name accounts for.
- Every bill starts at100
- Areas of law−24
Amends 4 separate titles of the US Code: 5, 11, 18, 31.
- Length−8
80 sections, against 20 before length counts against a bill.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
1 recordeddecisive vote
House · Jul 17, 2025
Whether the bill passes the House. This is the vote most people mean.
Who lobbied on this
17 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- Ameriprise Financial Inc.no position stated
“…entire bill H.R. 3633 - CLARITY Act of 2025 & Senate amendments to H.R. 3633 CLARITY Act of 2025 S. 1561- Secure Notarization Act of…” filing ↗
- Bank of America Corporationno position stated
“…provisions related to digital assets and stablecoins. H.R. 3633, Digital Asset Market Clarity Act of…” filing ↗
- Bank Policy Instituteno position stated
“…and H.R. 3633, Digital Asset Market Clarity Act of 2025 (CLARITY).” filing ↗
- Blackrock Funds Services Group LLCno position stated
“Issues related to the financial services and asset management industry. HR 3633, Clarity Act” filing ↗
- Capital One Financial Corp.no position stated
“…H.R.3633, Digital Asset Market Clarity Act of 2025.” filing ↗
- Citizens Financial Group, Inc.no position stated
“Matters relating to capital and liquidity. H.R. 3633, Digital Asset Market Clarity Act of 2025. Implementation of the GENIUS Act (Pub. L. No. 119-27). AI policies and proposals.” filing ↗
- Consumer Technology Associationno position stated
“General fintech and blockchain legislation. H.R.3633, Digital Asset Market Clarity Act.” filing ↗
- Huntington Bancshares Inc.no position stated
“…Laundering Improvements for a New Era Act (STREAMLINE Act) S. 2296/S 2651, Renewing Opportunity in the American Dream to Housing Act of 2025 H.R. 3633 Digital Asset Market CLARITY Act S. 381, 10 Percent Credit Card Interest Rate Cap Act” filing ↗
- Independent Community Bankers of Americano position stated
“…Huizenga H.R. 3633 The CLARITY Act H.R. 3709 Advancing the Mentor-Protege Program for Small Financial Institutions Act H.R. 4437 SMART Act H.R. 4478 TRUST Act…” filing ↗
- International Brotherhood of Electrical Workersno position stated
“The IBEW lobbied on the Protecting Prudent Investment of Retirement Savings Act (H.R. 2988), Digital Asset Market Clarity Act of 2025 (H.R. 3633), the GENIUS Act (S. 1582), and monitored legislative proposals seeking to annuitize defined-contribution employer retirement plans, which…” filing ↗
- Investment Company Instituteno position stated
“…Increasing Investor Opportunities Act H.R. 2478, Financial Exploitation Prevention Act of 2025 H.R. 3383, INVEST Act (Sections 202, 205, 206, 302) H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682, Financial Stability Oversight Council Improvement Act of 2025 H.R. 8338, SAFER Act of…” filing ↗
- Managed Funds Associationno position stated
“H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682/S. 3578, Financial Stability Oversight Council Improvement Act of 2025 Financial…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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