United States of America: Digital Asset Market Clarity Act of 2025 (HR 3633) was introduced to House of Representatives including provisional registration requirements for digital commodity exchanges, brokers, and dealers

On 29 May 2025, the House of Representatives introduced the Digital Asset Market Clarity Act of 2025 (HR 3633), which includes provisions for provisional registration of entities acting as digital commodity exchanges, brokers, and dealers within the United States. Section 106 of the Bill mandates that within 180 days of its enactment, these entities must file for provisional registration with the Commodity Futures Trading Commission, unless exempted under specific sections of the Commodity Exchange Act. The registration aims to enhance transparency and regulation in the digital commodity sector, covering areas such as management disclosures, digital commodity operations, and compliance with customer protection measures. Entities failing to adhere to the registration requirements may face sanctions, ensuring alignment with existing regulatory frameworks.