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Trump backs CLARITY Act to boost XRP and US crypto leadership against China

Market News
14 Jul 2026
Coinpaper
View Source
Bullish
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Former President Donald Trump has urged the U.S. Senate to pass the CLARITY Act, emphasizing its importance in maintaining America's lead over China in digital assets and AI. The bill aims to create clear regulatory definitions for cryptocurrencies, distinguishing commodities from securities and assigning oversight to specific federal agencies. This clarity could particularly benefit XRP, which faces ongoing regulatory uncertainty despite a favorable court ruling, by encouraging institutional adoption and innovation. If passed, the CLARITY Act could reshape the U.S. crypto market, fostering growth for XRP and other major digital assets like Ethereum and Solana.

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