Contact Congress about H.R. 3633: Digital Asset Market Clarity Act of 2025
This bill sets up clear federal rules for trading and regulating crypto, splitting oversight between the SEC and CFTC. It also blocks the Federal Reserve from issuing a digital dollar directly to the public. Crypto exchanges, brokers, and custodians would face new registration, safety, and anti-money-laundering requirements.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Digital Asset Market Clarity Act of 2025 is a Senate bill waiting for floor action. The latest recorded action: Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
Latest action on H.R. 3633: Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
Who this affects: This bill mainly affects people and companies involved in buying, selling, building, or investing in digital assets like cryptocurrency. It also affects the two main financial regulators (SEC and CFTC) and the Federal Reserve.
Why this matters: The crypto industry has operated in a legal gray area for years, with no clear rules about which agency is in charge or what protections investors get. This bill would change that by drawing firm lines. How those lines are drawn could determine whether crypto businesses stay in or leave the U.S., how much risk everyday investors face, and whether a government digital dollar ever becomes a reality.
Key provisions in H.R. 3633
- Defines "digital commodity" in the Commodity Exchange Act and lists what does not count — including most securities, many derivatives, certain pooled investment vehicles, approved stablecoins, bank deposits, some commodity-linked tokens, and certain NFTs and loyalty points.
- Creates a new SEC exemption (Securities Act Section 4(a)(8) and Section 4B) for initial offerings of digital commodities, capped at $50 million over 12 months (adjusted for inflation), with investor concentration limits, issuer background checks, and detailed ongoing and post-maturity disclosure requirements.
- Sets up a process at the SEC (Exchange Act Section 42) for certifying "mature blockchain systems" — blockchains that are not controlled by any person or group — using objective criteria like open-source code, decentralized governance, and distributed ownership, with set timelines and appeal rights.
- Clarifies that when someone other than the issuer resells a digital commodity on the open market, that resale is not treated as a sale of the original investment contract under federal or state securities laws.
- Requires digital commodity exchanges, brokers, and dealers to register with the CFTC under new sections of the Commodity Exchange Act, and to meet standards for capital, recordkeeping, business conduct, risk management, chief compliance officers, and storing customer digital assets with "qualified digital asset custodians."
How Modern Action helps you take action on H.R. 3633
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about H.R. 3633
- What is H.R. 3633?
- This bill sets up clear federal rules for trading and regulating crypto, splitting oversight between the SEC and CFTC. It also blocks the Federal Reserve from issuing a digital dollar directly to the public. Crypto exchanges, brokers, and custodians would face new registration, safety, and anti-money-laundering requirements.
- How do I support or oppose H.R. 3633?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about H.R. 3633?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain H.R. 3633 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
