Digital Asset Market Clarity Act
Failed — did not advance.
Latest action (15 Sep 2026): Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234.
What this bill does
H.R. 3633, the Digital Asset Market Clarity Act (CLARITY Act), would create a comprehensive federal framework for regulating "digital commodities" and related digital-asset activity. The bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Commodity Exchange Act to add new definitions—such as "digital commodity," "blockchain system," "mature blockchain system," "decentralized governance system," and "permitted payment stablecoin"—and to divide regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It sets rules for how digital commodities are offered and sold, establishes registration and provisional registration processes for digital commodity exchanges, brokers, dealers, and other intermediaries, addresses custody requirements, exempts certain decentralized finance activity, preempts some state securities laws for digital commodities, and directs studies on decentralized finance, non-fungible tokens, financial literacy, and market infrastructure.
The bill would primarily affect companies and individuals that issue, trade, or provide services involving digital assets—exchanges, brokers, dealers, custodians, and digital asset issuers—by clarifying which federal regulator oversees them and what registration and disclosure obligations apply. It could also affect investors and users of blockchain-based products by changing how such products are classified and regulated, and it touches banking institutions through provisions on custody and financial activities involving digital assets.
The bill was introduced in the House on May 29, 2025, by Rep. French Hill and referred to the Committees on Financial Services and Agriculture. It has since moved to the Senate, where, on September 15, 2026, a cloture motion to proceed failed on a 49–50 vote. Because cloture requires 60 votes to overcome a potential filibuster, the bill cannot currently advance in the Senate and is considered provisionally dead unless reintroduced or revived through further Senate action.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is provisionally dead due to a failed vote for cloture on September 15, 2026. Cloture is required to move past a Senate filibuster or the threat of a filibuster and takes a 3/5ths vote. In practice, most bills must pass cloture to move forward in the Senate.
Timeline
15 Sep 2026
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234.
17 Jul 2025
On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199).
10 Jun 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 6.
Common questions
- What does H.R. 3633 do?
- H.R. 3633, the Digital Asset Market Clarity Act (CLARITY Act), would create a comprehensive federal framework for regulating "digital commodities" and related digital-asset activity. The bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Commodity Exchange Act to add new definitions—such as "digital commodity," "blockchain system," "mature blockchain system," "decentralized governance system," and "permitted payment stablecoin"—and to divide regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It sets rules for how digital commodities are offered and sold, establishes registration and provisional registration processes for digital commodity exchanges, brokers, dealers, and other intermediaries, addresses custody requirements, exempts certain decentralized finance activity, preempts some state securities laws for digital commodities, and directs studies on decentralized finance, non-fungible tokens, financial literacy, and market infrastructure. The bill would primarily affect companies and individuals that issue, trade, or provide services involving digital assets—exchanges, brokers, dealers, custodians, and digital asset issuers—by clarifying which federal regulator oversees them and what registration and disclosure obligations apply. It could also affect investors and users of blockchain-based products by changing how such products are classified and regulated, and it touches banking institutions through provisions on custody and financial activities involving digital assets. The bill was introduced in the House on May 29, 2025, by Rep. French Hill and referred to the Committees on Financial Services and Agriculture. It has since moved to the Senate, where, on September 15, 2026, a cloture motion to proceed failed on a 49–50 vote. Because cloture requires 60 votes to overcome a potential filibuster, the bill cannot currently advance in the Senate and is considered provisionally dead unless reintroduced or revived through further Senate action.
- Has H.R. 3633 become law?
- Not yet. As of 15 Sep 2026, H.R. 3633 is failed cloture.
- Who sponsored H.R. 3633?
- H.R. 3633 was sponsored by Rep. French Hill [R-AR2] (Republican-AR), with 0 cosponsors.
- What's the latest action on H.R. 3633?
- Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 234. (15 Sep 2026).
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