CLARITY Act Could Supercharge Tokenization Pipeline
A proposed US law, the CLARITY Act, could revolutionize Wall Street's ability to tokenize financial assets. If passed, it would unlock a massive market potential estimated to reach $5.5 trillion by 2030.
The bill aims to clarify the regulatory framework for digital assets in the US. Currently, the real-world asset (RWA) market is valued at around $17 billion.
Ripple's XRP has been trading steadily around $1.08 as investors await the Federal Reserve's rate decision and the outcome of the CLARITY Act vote.