US Congress · H.R. 3633 · Passed the House

Digital Asset Market Clarity Act

Introduced

Moved

Reached a final decision

Introduced 2025-05-29

Derived from the official record below.

Officially: “Digital Asset Market Clarity Act” Read the full text

Finance and Financial Sector

What it 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 commodi

Summary by the Congressional Research Service, from the official record. Plain-language AI rewrite coming. Not legal advice.

Where it is

Introduced · 2025-05-29

In the House.

Passed the House · 2025-07-17

Senate floor vote · next · the next step

Official documents

Full bill textread it on this site, version rs (Reported in Senate), as published by GovInfo

official

Congressional Budget Office cost estimatewhat it would cost, by the nonpartisan CBO

official

The on-site text is shown verbatim from the GovInfo publication, captured 2026-07-23. The same version at GovInfo.

The numbers

29%

of bills that passed one chamber became law in the 118th Congress, 2023 to 2024 (n=939)

sponsors, out of 218 needed to pass

Who is lobbying on this

PAYWARD INC. (FORMERLY KNOWN AS PAYWARD INTERACTIVE, INC. D/B/A KRAKEN)via PAYWARD INC. (FORMERLY KNOWN AS PAYWARD INTERACTIVE, INC. D/B/A KRAKEN)

11 filings

BLOCKCHAIN ASSOCIATIONvia BLOCKCHAIN ASSOCIATION

8 filings

COINBASE, INC.via COINBASE, INC.

8 filings

MYSTEN LABS, INC.via INVARIANT LLC

7 filings

S&P GLOBAL INC. (F/K/A MCGRAW HILL FINANCIAL INC.)via S&P GLOBAL INC. (F/K/A MCGRAW HILL FINANCIAL INC.)

7 filings

SOLANA POLICY INSTITUTEvia SOLANA POLICY INSTITUTE

7 filings

AMERICANS FOR FINANCIAL REFORMvia AMERICANS FOR FINANCIAL REFORM

6 filings

FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESvia FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES

6 filings

From 599 filings in federal lobbying disclosures (LDA), via lda.gov, naming this bill (2025 to 2026). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.

Every fact on this page links to its source, starting with the official bill record. Last action: Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4557) (2026-08-08).