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

SEC. 104.Definitions under this Act. In this Act: (1) DEFINITIONS UNDER THE COMMODITY EXCHANGE ACT.—The terms “decentralized finance messaging system”, “decentralized finance trading protocol”, “digital commodity”, “digital commodity broker”, “digital commodity dealer”, “digital commodity exchange”, and “mixed digital asset transaction” have the meaning given those terms, respectively, under section 1a of the Commodity Exchange Act (7 U.S.C. 1a). (2) DEFINITIONS UNDER THE SECURITIES ACT OF 1933.—The terms “blockchain”, “blockchain system”, “blockchain protocol”, “decentralized governance system”, “digital asset”, “digital commodity issuer”, “end user distribution”, “mature blockchain system”, “permitted payment stablecoin”, and “permitted payment stablecoin issuer” have the meaning given those terms, respectively, under section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)). (3) DEFINITIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934.—The terms “Bank Secrecy Act”, “securities laws”, and “self-regulatory organization” have the meaning given those terms, respectively, under section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).