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Senate nears vote on CLARITY Act by July 23, potentially reclassifying XRP as a commodity and easing crypto rules.

Market News
21 Jul 2026
Crypto Briefing
View Source
Bullish
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The U.S. Senate is targeting July 23 for a vote on the CLARITY Act, a bill that would clarify regulatory oversight of digital assets by defining which fall under the SEC or CFTC. This legislation could reclassify XRP as a commodity, resolving its long-running legal dispute with the SEC and easing regulatory burdens. Passage requires bipartisan support and faces hurdles on ethics and anti-money laundering provisions. A vote outcome could significantly impact XRP and other digital assets by providing clearer rules and enabling easier ETF development.

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