XRP's Regulatory Fate Hangs in Balance Ahead of CLARITY Act Vote
XRP is under scrutiny ahead of next week's US policy calendar as traders monitor the September 15 CLARITY Act procedural vote and fresh XRP ETF activity.
The legislation aims to create a broader framework for dividing crypto oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, addressing long-standing regulatory questions for XRP.
In March, the SEC identified XRP as a digital commodity alongside other assets, stating that they derive value from their networks and market supply and demand, rather than managerial profit expectations.
The September 15 Senate vote will not decide final passage, but will determine whether to allow the bill to move toward formal Senate consideration with a cloture vote requiring 60 votes.
Critical to XRP's future regulatory framework is the CLARITY Act's impact on spot digital commodity markets and exchanges, brokers, and dealers.