XRP on Verge of Federal Commodity Status with CLARITY Act Passage

Crypto market analyst Jake Claver is predicting that XRP will gain federal commodity status following the passage of the CLARITY Act in September.

The US Senate is expected to vote on the Act mid-September, which would solidify XRP's status as a digital commodity under the same legal framework as Bitcoin and Ether.

This classification would remove regulatory uncertainty around XRP for investors, paving the way for structured institutional offerings and ETF launches.

The analyst believes that with this new status, XRP prices could shoot up to the $100 level, driven by increased demand from institutions and removal of regulatory hurdles.