The Blockchain Association, the Crypto Council for Innovation; and the Digital Chamber urged the House of Representatives to pass H.R. 3633, the Digital Asset Market Clarity Act of 2025 (the "CLARITY Act").
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The Congressional Research Service reviewed the potential effects of the Digital Asset Market Clarity Act of 2025 on SEC jurisdiction. The CRS concluded that the bill, which provides a "maturity-based framework" for determining whether digital assets remain securities or commodities, would narrow SEC jurisdiction over digital assets.
Banking regulators proposed revisions to the Consolidated Reports of Condition and Income ("Call Report") to require large banks to disclose more detailed information about their capital buffers.
The Federal Reserve proposed changes to how it determines whether large financial institutions and insurance-focused holding companies are "well managed," a status that affects their ability to expand or engage in certain business activities.
The Senate voted 50-45 to confirm Jonathan Gould as Comptroller of the Currency.