Trump's CLARITY Act Push Sends XRP Soaring Over 40%

U.S. President Trump has urged Congress to advance the CLARITY Act, a move that has sent a new policy signal regarding US cryptocurrency regulation and reignited investor interest in mainstream digital assets like XRP.

The bill aims to establish a clearer regulatory framework for the digital asset market and define the respective regulatory responsibilities of the SEC and CFTC. If approved, regulatory boundaries in the U.S. digital asset market are expected to become more distinct, reducing uncertainty faced by institutional investors entering the market.

XRP has surged over 40% in a short period, emerging as one of the standout mainstream digital assets in this rally. The cryptocurrency market has seen a significant rebound driven by positive regulatory news, with Bitcoin surpassing $79,000.