XRP Price Could Soar as CLARITY Act Progresses Through Senate

Crypto commentator Austin Hilton has described the current moment as the 'biggest week in years for XRP holders', and his reason is not related to price action. Instead, he believes that the CLARITY Act currently making its way through the Senate could unlock trillions of dollars of institutional capital sitting on the sidelines if it passes.

Hilton points out that major financial firms like Fidelity, Schwab, and JPMorgan would likely create crypto funds and sell them directly to customers, leading to increased XRP ETF inflows, direct institutional purchases, and retail adoption. According to Hilton, this would result in an increase in the price of XRP.

The CLARITY Act has cleared both the Senate Banking and Agricultural Committees, but it is not on the Senate floor schedule yet. Senate Majority Leader John Thune controls whether it gets added, and Hilton identifies him as 'the biggest factor of whether it can pass before August 8', when the Senate adjourns for its August recess.

Hilton believes that if Thune does not add the bill to the calendar by Wednesday, passage becomes effectively out of reach. He also notes that getting the bill to the floor is only part of the challenge, as it requires 60 votes to invoke cloture and advance the legislation.