Clarity Act Fights for Life in Senate as Procedural Vote Looms

The Digital Asset Market Clarity Act, also known as H.R. 3633, is a contentious bill that has been making its way through Congress since it was passed by the House with bipartisan support during the 119th Congress.

The bill aims to draw a clear distinction between digital assets that are regulated by the CFTC and those overseen by the SEC, but its path forward is uncertain.

A crucial procedural vote requiring 60 senators to advance the bill is set for September 15, and the parallels to a chaotic 2021 crypto amendment fight are hard to ignore.

The Senate Banking Committee cleared the legislation in May 2026 with a 15-9 vote, but updates dropped in July addressed ongoing negotiations around anti-money laundering rules, state enforcement powers, and ethics provisions that had been sticking points for several Democratic senators.