Direct answer
Crypto businesses cannot apply for a CLARITY licence because no such unified licence currently exists and H.R. 3633 is not enacted. They can prepare now by mapping activities and tokens, federal and state regulatory exposure, entities and asset flows, and the governance, custody, AML and disclosure records likely to support any future implementation.
Current legislative status
H.R. 3633 passed the House 294-134 on 17 July 2025. The Senate Banking Committee ordered a substitute reported favorably on 14 May 2026, and the measure was placed on the Senate Legislative Calendar on 1 June 2026.
The text can still change, and final legislation may require rulemaking before operational registration paths exist. Any roadmap should therefore state which version it analyzes.
Work that remains useful across versions
A product and token inventory, customer and jurisdiction map, legal-entity chart, custody and execution flow, control ownership and disclosure record are useful under current law and future market-structure rules.
The company should distinguish potential SEC, CFTC and FinCEN questions from state licensing, sanctions, consumer, tax and other obligations rather than expecting one bill to replace the entire system.
Turn legislative monitoring into decisions
Assign owners to monitor text changes and compare each version against products, entities, policies and technology. Record which assumptions changed and which implementation tasks are triggered.
This produces a decision ledger instead of a news summary: activities to pause, registrations to assess, disclosures to prepare, systems to modify and budget or staffing decisions to escalate.
Frequently asked questions
Has the CLARITY Act become law?
No, not as of the review date shown on this page.
Can a company apply for a CLARITY licence now?
No. There is no currently available unified licence by that name.
Why prepare before enactment?
Core facts, flows and controls take time to document and remain useful under current law.
Will the Act eliminate state licensing?
Businesses should not assume that; federal and state analysis remains necessary.
Is CLARITY preparation the same as MiCA?
The documentation workload can be similar, but the U.S. regulatory structure is different.