XRP Rallies on CLARITY Act Push 🚀
Price Jumps on Regulatory Hope 📈
➡️ XRP surged 5% in 24 hours and 7.6% for the week after the Senate Banking Committee advanced the Digital Asset Market Clarity ➡️ Act in a 15-9 vote. It crossed $1.50, outperforming bitcoin and ether, which rose under 3% this week.
Why It Matters ⚖️
➡️ The bill aims to give institutions a clear U.S. framework for custody, trading, market making, and ETF allocation of digital assets like XRP.
➡️ The SEC’s 2020 lawsuit against Ripple created years of uncertainty. A 2023 ruling helped secondary trading, but only federal law can give big allocators the certainty they want.
Institutional Momentum Building 🏦
➡️ XRP Ledger tokenized real-world assets crossed $3B, making it a top non-Ethereum chain for institutional tokenization.
➡️ Ripple-JPMorgan-Mastercard-Ondo pilot settled a tokenized U.S. Treasury in under 5 seconds.
➡️ XRP DeFi TVL hit $560M+ via Flare and Doppler Finance.
U.S. spot XRP ETFs saw $25.8M in net inflows, pushing cumulative inflows to $1.35B.
The Road Ahead 🛣️
➡️ The bill still needs to merge with the Agriculture Committee version, pass the full Senate and House, and reach the president’s desk. Senator Lummis says most points are agreed, but Senator
➡️ Warren objects. Memorial Day recess is the next deadline.
Ripple CEO Brad Garlinghouse called the vote “the moment” for fair rules.
Bottom Line 🎯
The committee vote gave XRP a short-term catalyst. But a real bull run needs the bill to become law and deliver full legal clarity. $1.50 remains the key level bulls need to reclaim.
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