XRP Regulation Hinges on September 15 CLARITY Act Vote

The XRP community is eagerly awaiting the September 15 vote on the CLARITY Act, which could have significant implications for the token's regulatory status.

The bill would establish a comprehensive framework dividing responsibility for crypto between the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the SEC has already identified XRP as a digital commodity.

Ripple's CLO described September 15 as a 'bellwether' for whether comprehensive crypto legislation can continue advancing through Congress.