The House Committee on Financial Services, led by Chairman French Hill (AR-02), advanced H.R. 3633, the CLARITY Act, to the full House of Representatives. The bill passed by a bipartisan vote of 32 to 19. Additionally, the House Agriculture Committee marked up the same bill and passed it by a vote of 47-6.

“Blockchain technology and digital assets are reshaping the future of American finance – one that includes a more secure, decentralized, and inclusive system. Congress has a historic opportunity to provide the clear regulatory framework needed to unlock this innovation. I am proud that the Financial Services Committee, along with the House Agriculture Committee, took this vital step in advancing the bipartisan CLARITY Act through our Committees. I thank my colleagues on both sides of the aisle for their support as this bill is one step closer to becoming law,” said House Committee on Financial Services Chairman French Hill. 

“Bipartisan votes advancing this bill out of our respective committees proves that the timing is ripe to advance common sense legislation that will finally bring certainty to the digital asset space. Working across the aisle and across the Capitol, we can get the CLARITY Act across the finish line and to the President’s desk,” said House Committee on Agriculture Chairman GT Thompson (PA-15).

Source: House Committee on Financial Services