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Regulation of Crypto Markets, Self-Custody Protection, and Ban on CBDCs

This act establishes a clear regulatory framework for digital assets, dividing oversight between federal agencies to protect investors and clarify market rules. It explicitly guarantees the right to self-custody digital assets and prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC).
Key points
Clarifies jurisdiction between the SEC and CFTC regarding digital commodities and securities.
Protects the individual right to maintain personal crypto wallets and transact peer-to-peer.
Bans the Federal Reserve from creating a surveillance-capable Central Bank Digital Currency.
Mandates strict separation of customer funds from exchange assets to prevent fraud.
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VOTING RESULTS
2025-07-17
69%
For 294
Against 134
Abstain 0
Full voting results open_in_new
Status: Passed House
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Additional Information
Print number: 119_HR_3633
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2025-05-29
Voting date: 2025-07-17
Meeting no: 1
Voting no: 199
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Digital Asset Market Clarity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3633.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-29.

What are the main provisions?

Key points include:

  • Clarifies jurisdiction between the SEC and CFTC regarding digital commodities and securities.
  • Protects the individual right to maintain personal crypto wallets and transact peer-to-peer.
  • Bans the Federal Reserve from creating a surveillance-capable Central Bank Digital Currency.
  • Mandates strict separation of customer funds from exchange assets to prevent fraud.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 294 - 134 (Roll no. 199). (text of amendment in the nature of a substitute: CR H3373-3397)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-18.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Informatization Security