The U.S. Senate Committee on Banking, Housing and Urban Affairs held a markup of H.R. 3633, the Digital Asset Market Clarity Act of 2025, which would create a clearer federal framework for digital assets. In opening remarks during the markup, Chairman Tim Scott said the bill is intended to address years of regulatory uncertainty and enforcement-led oversight, with three stated aims: protecting consumers, keeping digital asset innovation in the United States, and strengthening U.S. national security protections. Scott said the measure would introduce clearer disclosures, safeguards against fraud, and enforceable legal standards for digital asset markets. He also highlighted provisions to strengthen anti-money-laundering and sanctions rules and to give law enforcement better tools against criminal, terrorist, and hostile state misuse of digital assets. He described the bill as the product of months of bipartisan negotiations and said it is designed to bring digital assets into a safer, fairer, and more transparent regulatory system. Scott said he expects the committee to continue moving the bill forward.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-05-14
U.S. Senate Committee on Banking, Housing and Urban Affairs marks up digital asset bill focused on consumer protection and stronger AML controls
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a markup of H.R. 3633, the Digital Asset Market Clarity Act of 2025, which would establish a clearer federal framework for digital assets. Chairman Tim Scott said the bill aims to protect consumers, retain digital asset innovation in the United States, and strengthen national security by enhancing disclosures, fraud safeguards, and anti-money-laundering and sanctions rules. He said the bill reflects months of bipartisan negotiations and expects the committee to keep advancing it.