CLARITY refers here to H.R.3633 in the 119th Congress, the Digital Asset Market Clarity Act of 2025. The H.R. identifier denotes a bill originating in the House of Representatives. Calling it simply a Senate-side bill obscures that identity and risks mixing it with other market-structure proposals. Congress.gov and the committee report provide the primary records for the bill's text, sponsors, versions, and legislative history.

The official record documents House passage on July 17, 2025 and receipt and referral in the Senate on September 18, 2025. Its proposals concern digital-asset market structure, including the roles of the SEC and CFTC and requirements for relevant intermediaries. These are dated legislative milestones, not a claim that every provision described in an introduced version became effective law. Readers should consult the linked official action history for developments after those milestones.

A bill can be introduced, amended, passed by one chamber, passed in different forms, or enacted with later effective dates. Those stages have different consequences. A committee summary of an earlier version may not describe the final text. When assessing a claim that a token or exchange is now regulated under CLARITY, establish the exact legislative version, enactment record if any, relevant effective date, and implementing rules. A familiar bill nickname alone is insufficient evidence of a current legal obligation or exemption.