H.R.3633 - Digital Asset Market Clarity Act of 2025 119th Congress (2025-2026) Section Summary:

SEC. 402.Requiring futures commission merchants to use qualified digital asset custodians. Section 4d of the Commodity Exchange Act (7 U.S.C. 6d) is amended— (1) in subsection (a)(2)— (A) in the 1st proviso, by striking “any bank or trust company” and inserting “any bank, trust company, or qualified digital asset custodian, as applicable,”; and (B) by inserting “: Provided further, That any such property that is a digital asset shall be held in a qualified digital asset custodian” before the period at the end; and (2) in subsection (f)(3)(A)(i), by striking “any bank or trust company” and inserting “any bank, trust company, or qualified digital asset custodian”.