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Senate committee advances Clarity Act to clarify US crypto regulation, boosting XRP and market growth potential.

Market News
20 May 2026
Crypto news
View Source
Bullish
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The Senate Banking Committee voted 15-9 to advance the Clarity Act, a bipartisan bill aiming to clarify which regulator oversees specific digital assets, ending current legal ambiguities in US crypto oversight. Ripple's CLO Stuart Alderoty hailed the move as monumental, highlighting that 67 million Americans hold crypto and that the bill could unlock multi-trillion dollar market potential. The Act would classify tokens like XRP as digital commodities, potentially unlocking billions in institutional investment. The bill still requires 60 Senate votes, committee reconciliations, and the President's signature before becoming law, with a critical deadline before the 2026 campaign season.

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