Top Summary
The Digital Asset Market Clarity Act of 2025 (H.R.3633) establishes a regulatory framework for digital commodities, defined as blockchain-based assets, under the jurisdiction of the Commodity Futures Trading Commission (CFTC), with specific exemptions and requirements for the Securities and Exchange Commission (SEC). It mandates regulations for digital commodity exchanges, brokers, and dealers, including trade monitoring, recordkeeping, and anti-money laundering compliance under the Bank Secrecy Act. The bill also outlines conditions for blockchain maturity, exemptions from SEC registration for certain digital commodities, and provisions for alternative trading systems and provisional registration until full implementation.