Elizabeth Warren filed an amendment to remove the CLARITY Act’s grandfather clause.
XRP, Solana, Litecoin, Hedera, DOGE, and Chainlink could lose automatic commodity status.
XRP may face the biggest impact, as Ripple’s holdings could exceed proposed limits.
Senator Elizabeth Warren has filed more than 40 amendments to the CLARITY Act ahead of Thursday’s Senate Banking Committee markup.
One amendment targets a section of the bill that would automatically classify certain crypto assets as commodities if they already back a US-listed spot ETF or ETP by January 1, 2026.
The proposal now puts several large-cap tokens back into regulatory uncertainty. Tokens tied to the clause include XRP, Solana, Litecoin, Hedera, Dogecoin, and Chainlink.
Under the current draft of the CLARITY Act, those assets could bypass the bill’s “mature blockchain” decentralizati…
Read The Full Article Warren Targets Grandfather Clause in CLARITY Act, Key Coins at Risk On Coin Edition.
