Clarity Act Push Boosts XRP, XLM, and HBAR Amid Institutional Tokenization Drive

Charles Schwab's reported support for the proposed U.S. Clarity Act has sparked optimism among cryptocurrency enthusiasts, particularly those who hold XRP, XLM, and HBAR.

According to Levi Rietveld, a prominent crypto commentator, this development is evidence that major financial firms are seeking regulatory certainty before bringing tokenized stocks, funds, commodities, and real-world assets onto regulated trading rails.

Rietveld points out that Schwab is part of a growing institutional bloc, alongside BlackRock, Fidelity, Goldman Sachs, Bank of America, and other large firms, all pushing for market structure legislation that could create infrastructure demand for networks associated with payments, settlement, and tokenized assets.

The Depository Trust & Clearing Corporation (DTCC) is seen as a key player in this argument, with XLM announced as connecting to its tokenization service. Ripple and XRP are also positioned close to traditional financial rails through various initiatives.