H.R.3633 — Digital Asset Market Clarity Act of 2025
House Roll Call
H.R.3633
| Bill | H.R.3633 — Digital Asset Market Clarity Act of 2025 |
|---|---|
| Vote question | On Passage |
| Vote type | Yea-and-Nay |
| Result | Passed |
| Totals | Yea 294 / Nay 134 / Present 0 / Not Voting 4 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 216 | 0 | 0 | 4 |
| D | 78 | 134 | 0 | 0 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Passage
Bill Analysis
The Digital Asset Market Clarity Act of 2025 (HR 3633) aims to establish a comprehensive regulatory framework for digital assets, including cryptocurrencies and tokens, to enhance market clarity and investor protection. The bill seeks to delineate the roles of various regulatory bodies, primarily the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), in overseeing digital asset markets.
Key provisions of the bill include the definition of digital assets and the criteria for classifying them as securities or commodities. This classification is crucial for determining the regulatory oversight applicable to different types of digital assets. The bill also proposes the establishment of a Digital Asset Regulatory Advisory Committee to facilitate collaboration among federal and state regulators, industry stakeholders, and consumer advocates.
Funding for the implementation of the bill is anticipated to come from existing appropriations for the SEC and CFTC, with potential for additional resources allocated to support the new advisory committee and enhance regulatory capabilities.
The primary beneficiaries of this legislation include digital asset investors, who would gain clearer protections and rights, as well as businesses operating in the digital asset space, which would benefit from a more predictable regulatory environment. Additionally, the bill aims to protect consumers from fraud and market manipulation, thereby fostering greater confidence in digital asset markets.
The timeline for the bill includes its introduction in the House, where it has passed and is now in the Senate for consideration. Following its referral to the Senate Committee on Banking, Housing, and Urban Affairs, further hearings and discussions will be necessary before it can be voted on by the full Senate.
Overall, HR 3633 represents a significant step toward creating a structured approach to digital asset regulation, addressing current ambiguities in the market and promoting a safer investment landscape.
Yea (294)
K
Ken Calvert
S
Scott Franklin
J
John Mannion
L
Lucy McBath
L
Lisa McClain
J
John Rutherford
D
David Schweikert
P
Pete Sessions
Nay (134)
J
Jason Crow
L
Lloyd Doggett
J
John Garamendi
E
Eric Swalwell
R
Rashida Tlaib
N
Nydia Velázquez
D
Debbie Wasserman Schultz
