Ripple CLO Stuart Alderoty says the Clarity Act could unlock a multi-trillion dollar US crypto market.
Summary
The Senate Banking Committee advanced the Clarity Act 15-9 on May 14, a bipartisan result that lifts the Digital Asset Market Clarity Act toward a full Senate floor vote.
“The Clarity Act isn’t about protecting an industry. It’s about protecting everyday Americans who deserve clear rules when they participate in the multi-trillion dollar crypto economy. 67 million Americans already hold crypto. The data is in. It’s time,” Ripple CLO Stuart Alderoty said in a post.
The bill would establish which regulator — the SEC or the CFTC — has jurisdiction over specific digital assets, ending the enforcement-by-ambiguity approach that has defined US crypto oversight since 2017. Crypto.news explored why the legislation matters more to XRP than to almost any other asset.
The Clarity Act would formally classify named tokens including XRP as digital commodities, removing legal uncertainty that has kept institutional capital on the sidelines. Analysts at Standard Chartered estimate the bill could unlock $4 to $8 billion in additional XRP ETF inflows alone.
The 15-9 result marks the first time a comprehensive crypto market structure bill has cleared the Senate Banking Committee with cross-party support. Every Republican voted yes, alongside two Senate Democrats despite opposition from Elizabeth Warren.
Despite the momentum, the bill still needs 60 floor votes to clear a filibuster. It then faces reconciliation between the Banking and Agriculture Committee versions before alignment with the House text from July 2025.
Crypto.news has tracked Ripple CEO Brad Garlinghouse warning the bill’s chances drop sharply if lawmakers fail to act before campaign season. Senators Lummis and Moreno have both warned that failure in 2026 means the next window is 2030.
The XRP price page tracks market reaction against that legislative backdrop in real time.
Despite not being available to US users, Hougan calls Hyperliquid one of the fastest-growing…
Today's Wordle answer should be easy to solve if you're cooperative.If you just want to…
SpaceX warned investors that AI features such as Grok’s “Spicy" and “Unhinged” modes, which allow…
Key TakeawaysInvestigators linked Ordinals trading to more than €1 million in undeclared crypto-related gains.Exchange identity…
Nvidia founder and CEO Jensen Huang is, perhaps, one of the greatest corporate hype men…
Bitcoin quantum exposure covers 1.92 million BTC, or 9.6% of total supply, Glassnode warned in…