According to foreign media, the United States Congress is trying to move forward on the CLARITY bill before the August recess. According to the article, the purpose of the bill is not only to improve regulation, but also to provide larger institutions, such as pensions, with a clearer basis for categorizing digital assets, thereby reducing their compliance concerns about entering the encrypted market.
Currently, United States pensions and other institutional funds are often subject to strict fiduciary responsibility and compliance requirements when deploying encrypted assets. It was noted that the lack of a clear definition of whether a digital asset was a securities or a commodity made it difficult for institutions to establish a compliance framework for holding the relevant assets, which was an important reason for the long-term outlook for some of the funds.
Focus on asset classification
According to the article, the CLARITY bill, if landed, could establish a more complete regulatory framework for digital assets. For XRP, market concerns are that, once their regulatory attributes are clearer, the resistance of institutional investors to internal approval, risk control and hosting arrangements may decrease.
It is mentioned that the assets managed by the United States pension system are large and that potential deployable funds are estimated at $56 trillion. However, this figure represents an accessible institutional pool and does not amount to a direct flow to XRP. The core judgement of the article is that the clearer the legal definition, the more likely the scope of institutional engagement.
The parliamentary window is tight.
According to the article, Republican parliamentarians are pushing for an accelerated bill before the parliamentary recess in August. As the legislative agenda had previously been squeezed by other issues, the time left for discussion, adoption and harmonization of texts in both chambers had been limited.
According to the article, after the senator returned to Washington on 13 July, Congress had only about 20 working days to process the process. This makes it possible for the bill to advance substantially before the recess as one of the policy variables of recent market interest.
XRP Expected attention to liquidity
The article also extends the discussion to the market structure of the XRP. The view was expressed that, while the total supply of the XRP was large, the parts that were truly active in circulation and exchange tradable were relatively limited, and that some of the coins were held by long-term holders, institutions or hosting arrangements.
In this context, the liquidity available to the exchange may also increase if only a small number of institutions attempt to allocate XRP in the future. According to this article, the price elasticity of XRP could be magnified if demand grew faster than tradable supply.
On the whole, it is an opinion piece based on legislative expectations. Its main line is not to confirm that funds have entered the field, but to emphasize that once the regulatory framework for digital assets in the United States is clearer, the probability that such assets may receive institutional attention may increase.