XRP Gains Ground with CLARITY Act Draft

XRP has taken center stage as Senate Republicans released a new draft of the CLARITY Act. The bill's language could have significant implications for XRP's regulatory status in the United States.

Ripple's native token may be treated as a digital commodity, regardless of how much XRP Ripple holds, according to Bill Morgan, a pro-XRP lawyer. This distinction is crucial for understanding XRP's regulatory standing.

The CLARITY Act defines 'digital commodity' as an asset that can be transferred from person to person and logged on a distributed ledger. Network tokens, including ancillary assets, are also included in this definition.