Senate Set to Vote on Revised CLARITY Act Amid Ongoing Regulatory Uncertainty

The US Senate is set to vote on the revised CLARITY Act, a bipartisan bill aimed at regulating the crypto market and protecting community banks from risks related to stablecoins.

Ripple CEO Brad Garlinghouse and Treasury Secretary Scott Bessent support the bill, highlighting significant compromises made to balance innovation and financial stability.

The bill grants new powers to the Treasury Secretary to address potential deposit flight from stablecoins that could harm community banks.

XRP's market cap stands at Rp1.563,4 trillion, reflecting steady investor interest despite ongoing regulatory discussions like the CLARITY Act.