The CLARITY Act passed the House 294-134 on July 17, 2025. The Senate Banking Committee advanced the bill 15-9 on May 14, 2026, but the full Senate floor vote requires a supermajority of 60 votes to overcome a filibuster.
What the bill actually does
The Digital Asset Market Clarity Act, formally known as H.R. 3633, draws a line between the SEC’s jurisdiction over securities and the CFTC’s oversight of commodities as those categories apply to digital assets. The legislation also tackles token classification, decentralized finance oversight, and consumer protections. Rep. French Hill (R-AR-2) sponsored the bill on the House side, while Senate Banking Committee Chairman Tim Scott (R-SC) has been the primary figure shepherding it through the upper chamber.
Where the negotiations are stuck
Three major friction points are complicating the Senate’s path forward: ethics rules, illicit finance provisions, and turf negotiations with other Senate committees that want a say in how digital assets are governed.
