Dark Defender: CLARITY Act Would Cement XRP's Commodity Status into Law

Dark Defender has stated that the CLARITY Act is crucial for XRP, as it would write the asset's commodity status into law. This, according to Dark Defender, would provide permanence against future SEC chairs attempting to undo this status.

The analyst expressed direct trust in the U.S. Senate to pass the bill 'shortly', with no conditions or timelines specified. This confidence stands out amidst uncertainty surrounding the bill's procedural path.

The CLARITY Act needs 60 votes to pass, currently holding 51 confirmed votes. Seven to ten Democrats have signaled support, but a dispute continues to block a floor vote over authority for state attorneys general to sue the DOJ over ethics enforcement.