BusinessHow regulators classify crypto
The SEC's and CFTC's effort to define which crypto assets are securities and which are commodities: their March 17, 2026 joint interpretation, the SEC's proposed Regulation Crypto Assets (published August 21, 2026), the CFTC's advance notice on crypto asset transactions and markets (comments due December 14, 2026), any final rules, and related legislation such as the CLARITY Act.
5 new developments
Every milestone in order, with the records and reporting behind it.
May 29
Digital Asset Market Clarity Act, H.R. 3633, introduced in the House.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source
June 23
House Financial Services and Agriculture committees reported the amended bill.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
July 17
House passed the CLARITY Act by a vote of 294 to 134.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
September 18
Senate received the bill and referred it to the Banking Committee.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
May 14
Senate Banking Committee ordered the bill reported with a substitute amendment.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
June 1
Senate Banking Committee reported the bill; it was placed on the Senate calendar.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
August 8
Cloture motion on the motion to proceed to the bill was filed in the Senate.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
September 15
Senate cloture on the motion to proceed failed 49 to 50; Senator Tillis entered a motion to reconsider.
Congress.govOfficial recordCongress.govSep 15, 2026HR 3633, Digital Asset Market Clarity ActNew entries on HR 3633, Digital Asset Market Clarity Act: 2025-05-29: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently Open source congress.gov
October 13
CFTC published an advance notice of proposed rulemaking on crypto asset transactions and markets.
Federal RegisterOfficial recordFederal RegisterOct 13, 2026Regulation Crypto Asset Transactions and Regulation Crypto Asset MarketsProposed Rule: Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets Agency: Commodity Futures Trading Commission Published in the Federal Register on 2026-10-13 (document 2026-2088Open source federalregister.gov
December 14
Scheduled
Comment deadline for the CFTC's advance notice on crypto asset transactions and markets.
Federal RegisterOfficial recordFederal RegisterOct 13, 2026Regulation Crypto Asset Transactions and Regulation Crypto Asset MarketsProposed Rule: Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets Agency: Commodity Futures Trading Commission Published in the Federal Register on 2026-10-13 (document 2026-2088Open source federalregister.gov