This year, the regulatory landscape primarily revolved around the GENIUS Act and the approvals of altcoin ETFs by the Securities and Exchange Commission (SEC). The agency has already approved ETFs for some popular cryptocurrencies like XRP, Solana, and Hedera Hashgraph.
Facing the future, the prices of XRP, Bitcoin, and Ethereum will react to the CLARITY Act and, potentially, to cryptocurrency reserve plans in the United States.
The 2025 Digital Asset Market CLARITY Act, commonly known as CLARITY, has already been approved by the House of Representatives. Senators are debating it, and it is likely to be approved in January.
This law will provide a definition of digital products, grant exemptions from SEC registration for certain mature blockchains, and introduce new registration requirements for exchanges, brokers, and dealers.
Meanwhile, politicians will continue to deliberate on the creation of a cryptocurrency reserve for the U.S. government. While Donald Trump supports this measure, it is unlikely to be approved due to divisions in the House of Representatives and the Senate. In fact, a Polymarket survey places the probability of a Bitcoin reserve before 2027 at just 27%.
Ideally, cryptocurrency prices would perform well when these regulations are approved. For example, the CLARITY Act will facilitate the operation of businesses in the sector, while a cryptocurrency reserve will lead to immediate accumulation by the U.S. government.
