According to external sources, while the United States' CLARITY Act was still on the ground, Ripple had focused on overseas licensing, cooperative networks and industry activities, trying to advance the use of XRP in the institutional market. According to the article, the separate legal status of XRP and the regulatory framework for the United States-wide encryption industry is being viewed separately from the market.
Ripple pushes the global layout first
The report cites the view of market observers that Ripple has now obtained over 75 regulatory licence plates or registrations in various jurisdictions and has established partnerships in Europe, Japan, Australia, the United Kingdom, the United Arab Emirates, Singapore, Africa and the United States. According to this article, Ripple did not wait for United States legislation to be completed and paved the way for XRP ' s cross-border operations and institutional access ahead of time.
The article also mentions that Ripple Swell 2026 will be held in New York from 27 to 29 October in conjunction with the XRPL Apples Summit. According to the report, the merger was expected to attract the participation of banks, financial technology companies, developers and block-chain enterprises, and the market was concerned about whether new cooperation or product release would occur.
Garlinghouse says the XRP is clear.
According to the article, the aim of the CLARITY Act is to establish clearer classification rules for the digital asset market, specifying which currencies belong to securities and which do not. This is also one of the legislative directions that the United States encryption industry has been promoting in recent years.
Ripple CEO Brad Garlinghouse recently indicated that XRP itself had acquired legal certainty following the outcome of Ripple ' s proceedings with the United States Securities and Exchange Commission. At the same time, however, he argued that there was still a lack of uniform and enforceable market structure rules for the entire industry in the United States and that the regulatory characterization of other digital assets remained to be clarified by legislation.
The Senate vote is still pending.
According to the report, the United States Senate is currently adjourned until 13 July, and parliamentarians are still pushing for amendments to the bill. According to the article, the Senate may vote in late July or early August, but the bill still needs 60 votes, including at least seven Democrats.
If progress is not completed before the parliamentary recess in August, legislative time may continue to be delayed. According to the article, if the bill was finally passed, Ripple would have built a network of license plates, cooperation and activities that could have enabled XRP to take over institutional needs more quickly.
It was also mentioned that, at the time of the submission, the XRP report had fallen by 6 per cent over the past week, which was about 72.7 per cent below the historical high of $3.84 in 2018. But this part is part of the market context, and it's still at the heart of the article that Ripple advanced global expansion ahead of legislation.