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Senator Lummis urges Congress to pass CLARITY Act for clear crypto rules, impacting XRP's U.S. future.

Market News
19 Aug 2026
Coinpaper
View Source
Bullish
pluang ai news

Senator Cynthia Lummis is pushing for the CLARITY Act to establish clear U.S. regulations for digital assets, aiming to prevent crypto businesses from moving offshore. This legislation is crucial for XRP, as it could define whether digital assets are securities or commodities, providing regulatory certainty after Ripple's legal battles with the SEC. Clear rules would encourage institutional adoption and investment in XRP and other blockchain products. However, the bill faces challenges in Congress, with a key vote expected in September. If passed, the CLARITY Act could strengthen the U.S. crypto market and support Ripple's growth domestically.

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