According to foreign media, discussions in the United States Congress around digital asset regulation legislation are on the rise. Senator Bill Hagtti has recently publicly stated that the CLARITY bill “will be completed” and that the market focus has moved from whether the bill is moving forward to whether Congress can complete the legislative process as soon as possible on a busy agenda.
Focus on legislative progress
According to the article, Hagtti ' s statement sends a clearer signal that the current obstacles are more in process and timing than in political support itself. Prior to that, Congress had pushed for the passage of the GENIUS bill, which was considered to be still open for a digital asset-related bill.
For XRP holders, such progress is of concern in the attempt by the CLARITY Act to clarify the regulatory division between the United States Securities and Exchange Commission (SEC) and the Commodity Futures and Exchange Commission (CFTC) in the area of digital assets. If the borders are clearer, it is expected that compliance costs for trading platforms, financial institutions and developers will decrease.
Why is XRP being revisited?
The article mentions that Ripple had previously made critical progress in the proceedings and the court found that XRP was not a natural security in the secondary market context. This does not mean, however, that the overall regulatory environment in the United States is well established and that market participants continue to face cross-institutional differences.
In this context, the legal certainty of XRP-related operations may be further enhanced if the CLARITY Act landes. According to the article, this would facilitate transactions, payment access and deployment based on XRP Ledger applications, and could also enhance the willingness of some agencies to participate.
The accompanying policy is expected to warm up.
In addition to the CARITY Bill, the article also refers to Senator Cynthia Lumis' recent support for the framework proposed by the Fed to streamline the main accounts. She argued that as long as institutions operated in accordance with the law, whether banks, financial technology companies or encryption firms, they should have more equal access to the United States payment system.
According to the article, this direction is more in line with Ripple's long-held approach to technology-neutral regulation. If the terms of access to the payment system are eased, the landing rate of block-chain payments, stable currency, monetized assets and application on the enterprise-level chain may be accelerated.
Overall, the core judgement of the commentary is that the CLATRITY Act itself does not necessarily directly determine the XRP price, but that a clearer United States regulatory framework could reduce the systemic frictions faced by the industry over time and improve the adoption of expectations by XRP and XRPL institutions.