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H.R. 3633119th CongressFloor activityLatest action Aug 8, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
The Digital Asset Market Clarity Act assigns most crypto oversight to the CFTC while the SEC keeps authority over security-like tokens.
40-second read · 4 questions answered below
The bill creates legal definitions for digital assets and blockchain systems, giving the CFTC day-to-day oversight of digital commodity trading while the SEC retains authority over tokens that function like securities. It sets up registration rules for exchanges, brokers, and dealers, allows token sales under certain limits, and creates a process to certify blockchains as "mature," which eases securities-law requirements.
Cryptocurrency companies, exchanges, and token issuers would face new registration and disclosure rules; everyday crypto users and investors would gain legal protections but also new compliance requirements.
The law would require the SEC and CFTC to write numerous new rules and hire staff, reshaping how crypto companies operate and how users' wallets, transactions, and custody arrangements are regulated.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: the Senate has taken floor action on it, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Cloture motion on the motion to proceed to the measure presented in Senate. (CR S4557)
Coverage of this bill from across the press — each outlet's political lean labeled where AllSides has rated it, and marked "Not rated" where it hasn't.
Newest of these articles:
cryptoslate.com
Not rated
cryptoslate.com
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cryptoslate.com
Not rated
newsbtc.com
Not rated
cryptobriefing.com
Not rated
Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.