XRP Holders Told to Watch CFTC as Regulatory Clarity Remains Elusive

The stalled CLARITY Act has raised questions about the future of digital asset regulation in the United States. However, financial expert Levi says XRP holders should not overlook developments outside Congress.

Levi pointed to recent signals from CFTC Chairman Michael Selig, who said the agency intends to continue developing a regulatory framework for digital assets under its existing authority.

This development could be significant for XRP because regulatory clarity remains one of the major issues investors have been watching. Levi explained that the CLARITY Act sought to regulate digital assets in the United States.

The CFTC is working toward a digital asset regulatory framework using authority it already possesses, according to Levi. He noted that the SEC and CFTC have already been working together on cryptocurrency oversight.