Xrp Rally May Not Need Clarity Act

The passage of the Digital Asset Market CLARITY Act through the U.S. Senate may be generating headlines, but at least one market analyst argues that $XRP does not need the legislation to move higher.

Jake Claver, Chairman of Digital Ascension Group, made that case on the Good Evening Crypto podcast with host Abdullah Nassif. In his view, the regulatory groundwork already in place is sufficient to support a sustained $XRP rally — with or without Congress acting.

Existing Frameworks Already Classify XRP as a Digital Commodity

Claver's argument rests on a significant regulatory development from earlier this year. On March 17, 2026, the SEC and CFTC jointly issued a landmark interpretation clarifying how federal securities laws apply to certain types of crypto assets. That interpretation named sixteen specific tokens as digital commodities, including Bitcoin, Ether, Solana, and XRP.

Unlike prior speeches and statements by Commission staff, the interpretation is a formal agency action binding on both the SEC and CFTC. For Claver, that distinction matters. The market, he argued, does not need new laws — it needs the existing framework to be put into practice.

The commodity ruling removed the floor risk of XRP being reclassified as a security, but did not create the ceiling catalyst of legislative permanence and full institutional deployment. Claver's position is that the removal of that downside risk is itself enough to underpin a rally.

The Case For and Against Waiting on the CLARITY Act

Not everyone shares that view. The March 2026 joint SEC-CFTC ruling is an executive-branch action, meaning a future administration could revisit it. The CLARITY Act, currently in the U.S. Senate, would codify the classification into permanent federal law and remove that residual risk entirely.

The bill passed the House of Representatives by a 294–134 vote in July 2025 and cleared the Senate Agriculture Committee on a 12–11 party-line vote in January 2026. It now sits in the Senate Banking Committee awaiting a markup vote.

There are also broader market implications at stake. Seven U.S. spot XRP ETFs are already live and have absorbed over $1.3 billion in their first 50 trading days, with 43 consecutive days of net positive inflows. Standard Chartered's Geoffrey Kendrick projects $4–8 billion in total XRP ETF inflows by year-end if the CLARITY Act also passes.

Claver's view, however, is that waiting on Congress is not a prerequisite for price appreciation. The regulatory signal, he contends, has already been sent.

Sources:
Jenner & Block — SEC and CFTC Issue Landmark Joint Interpretation on Crypto Asset Classification
CFTC Official Press Release — CFTC Joins SEC to Clarify Application of Federal Securities Laws to Crypto Assets
U.S. House of Representatives — Digital Asset Market CLARITY Act Overview

Related News:
XRP Spot ETFs Go Live in the US as Canary Capital Launches XRPC on NASDAQ
Ripple Latest News and Milestones: A Look at the Key Updates in 2026