Dark Defender Predicts CLARITY Act to Secure XRP as US Commodity
Crypto analyst Dark Defender is confident that the CLARITY Act will secure XRP's status as a commodity in United States law, making future reversals by the SEC impossible. He believes that the U.S. Senate will pass the legislation soon, directly endorsing its swift approval.
According to Dark Defender, the bill's passage would make XRP's legal status 'untouchable', shielding it from future regulatory changes by new leadership at the SEC. This comes as a growing anticipation within the cryptocurrency community regarding the legal foundation for XRP and similar digital assets.
The CLARITY Act requires 60 Senate votes for passage, with the current tally standing at 51 confirmed supporters, including signals from 7 to 10 Democratic senators. The bill's main obstacle is a dispute regarding whether state attorneys general should be authorized to sue the Department of Justice over ethics enforcement.