Trump's Clarity Act Push Sparks 25% Surge in XRP Price
XRP's price surged by over 25% after US President Trump urged Congress to pass the CLARITY Act, which aims to bring clarity to digital asset regulations.
The rally came as a result of a White House event where Trump met with crypto and finance executives, including Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, and others.
'Now we need Congress to take the next step by passing the CLARITY Act, a fair version of the CLARITY Act,' Trump said. 'It's a very powerful legislation which will keep us ahead of China, keep us ahead of everyone else.'
The House already passed the bill in July 2025, but it has been stalled in the Senate due to ethics questions and concerns over Trump's own crypto exposure.
XRP's price move was significant, jumping from around $1.00 to $1.27 in just two days, with other cryptocurrencies like Bitcoin also seeing gains above 20% in a 24-hour stretch.