The House has passed H.R. 3633 – CLARITY Act of 2025 introduced by Representative J. French Hill with a vote of 294-134. The bill aims to regulate digital commodities and assign authority to the SEC and CFTC, defining terms and setting regulations for issuers, intermediaries, and exchanges. Amendments clarify regulatory requirements and ensure consumer protections.

Coinbase (COIN) and Bitcoin (BTC) may face impacts from the bill due to their roles in digital commodity exchanges. The bill emphasizes consumer protections, registration, and oversight for digital commodity transactions. It also sets criteria for mature blockchains, encourages research and innovation, and establishes exemptions for certain transactions involving digital commodities.

Representative J. French Hill’s net worth is estimated at $19.2M, with $16.1M invested in publicly traded assets. Data on up to $2.4M of his stock trades is available, including notable transactions in PM, V, MO, MKL, and SCHW. You can track his net worth and stock trading activities on Quiver Quantitative’s platform.

Read more at Nasdaq: Congress Vote: The House has passed H.R. 3633 – CLARITY Act of 2025