Rep. French Hill, the Republican chairman of the House Financial Services Committee, is pressing Senate leadership to bring the Digital Asset Market Clarity Act to a floor vote. The Arkansas congressman wants the bill scheduled for July 2026, before Congress breaks for its August recess.
What the CLARITY Act actually does
The bill, formally known as H.R. 3633, attempts to answer the question that has plagued the crypto industry for years. Is a digital asset a security or a commodity?
The CLARITY Act creates defined roles for each agency. It establishes consumer protections and carves out pathways for decentralized networks to operate within a federal framework.
Hill originally introduced the bill on May 29, 2025. It moved through the House with surprising speed and landed a floor vote on July 17, 2025.
