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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.
Written by the nonpartisan Congressional Research Service, describing H.R. 3633 as introduced in House on May 29, 2025. It is not the text of the measure; a later amendment may have changed what it does.
Jul 17, 2025Each bar: ✓ Yea from the bottom, ✕ Nay aboveSep 15, 2026
House Jul 17, 2025 · the primary vote
CLARITY Act
Passed
294 Yea 134 Nay 4 not voting
Crossed both parties 78 of 428 voting members broke with their own party: 78 Democrats.
DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present
432 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 3633 and vote against it. 8 signed when it was filed.
Organizations that named H.R. 3633 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
861 disclosures name this measure. Retrieved from LDA.gov on 2026-10-27. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.