H.R. 3633

House

Digital Asset Market Clarity Act

Sponsor: Rep. Patrick McHenry (R-NC)

In debate

The bill is being debated or has cleared committee and is moving toward a floor vote.

In brief

The Digital Asset Market Clarity Act creates a regulatory framework for digital commodities, tasking the Commodity Futures Trading Commission with supervising digital asset exchanges, brokers, and dealers. It requires these entities to follow specific rules regarding trade monitoring, recordkeeping, and the separation of customer funds while mandating compliance with anti-money laundering laws. The bill moves certain digital assets from the jurisdiction of the Securities and Exchange Commission to the CFTC if their underlying blockchain systems achieve decentralization or meet specific reporting and sales thresholds. Introduced by Representative French Hill (R-AR), the legislation has passed the House and is currently placed on the Senate Legislative Calendar.

Timeline

Every recorded action, oldest first.

February 28, 2025 · House
Introduced
Provides regulatory clarity for digital assets and defines SEC and CFTC jurisdiction. Introduced in the House.
Next: Referred to the House Financial Services and Agriculture Committees.
Source
July 26, 2025 · House
Introduced
Establishes a regulatory structure for digital assets and clarifies agency jurisdictions.
Next: Referred to the House Financial Services Committee.
Source
July 19, 2026 · House
Introduced
Aims to provide legal clarity for market participants in the digital asset and blockchain space.
Next: Referred to the House Committee on Financial Services.
Source
July 19, 2026 · House
Debated
The bill seeks to provide regulatory clarity for the digital asset and cryptocurrency markets. It was the 10th most viewed bill on July 19, 2026.
Next: Awaits markup in the House Financial Services Committee.
Source
July 26, 2026 · House
Introduced
This bill creates a federal regulatory structure for digital assets and cryptocurrencies. It is one of the most viewed bills for the week of July 26, 2026.
Next: Referred to the House Committee on Financial Services.
Source