CLARITY Act Stalls: SEC-CFTC Guidance May Take Center Stage
The US Senate's failure to pass the CLARITY Act before its August recess has put September in the spotlight for crypto regulation. If the bill stalls, existing joint guidance from the SEC and CFTC could become the main regulatory basis for XRP and the broader market.
This guidance, issued in March 2026, classifies XRP as a digital commodity, providing clearer regulatory certainty for exchanges, institutions, and businesses. However, it's not legislation, so passing the CLARITY Act would still offer stronger rules with legal backing.
September will reveal whether regulatory clarity comes from new laws or existing agency interpretations. This uncertainty is already being felt in the market, with XRP whales increasing their holdings by 380 million tokens in one week, a move that could signal a potential breakout above the $1.06 resistance level.