Senate Banking Chair Says the CLARITY Act Is Done. Is an XRP Breakthrough Coming?

Levi Rietveld, creator of Crypto Crusaders and a prominent XRP enthusiast, recently pointed to a major shift in U.S. crypto policy, stating that a deal on the CLARITY Act is effectively in place.

His remarks come as policymakers, regulators, and industry leaders align on final terms that could define how digital assets like XRP operate within the financial system.

Rietveld’s message centers on timing. He presents this moment as a transition from negotiation to execution. His stance reflects growing confidence that regulatory clarity is no longer a distant goal. It is now within reach, with only final coordination required before completion.

Banking Committee Chair Confirms Final Stage of Negotiations

Senate Banking Chair Tim Scott reinforced that progress. Speaking on Fox Business, he confirmed that lawmakers have reached a critical stage in the process. He stated that Republicans and Democrats now agree on key legislative language, while also noting that the White House supports the framework.

Scott described the process as complex but necessary. He said this is the first time lawmakers have attempted to regulate digital assets at this level. He emphasized cooperation, stating there are “Republicans and Democrats working together on language that they can agree on.”

He also noted that industry participation must align with the finalized terms. Coinbase initially pulled its support from the CLARITY Act. However, the crypto space is coming to a compromise.

Scott confirmed direct engagement with Coinbase, stating that “everyone is still at the table.” He added that he remains “very optimistic” as discussions move toward completion.

Final Step Before Completion

The CLARITY Act now enters its final phase. Lawmakers have aligned across parties. The White House supports the framework. The remaining requirement is industry agreement on the finalized language.

Scott described the process as precise and deliberate. He said this is a “threading-the-needle process” that requires careful coordination between policymakers and market participants. That coordination is now actively taking place, with major firms still engaged in discussions.

XRP Positioned for Expanded Utility

The alignment between lawmakers and industry leaders sets the stage for XRP’s expanded role. Financial institutions require clear rules before integrating digital assets into core operations. The CLARITY Act addresses that requirement.

XRP already serves as a bridge asset for cross-border liquidity. With regulatory approval, its use can scale across banking networks, payment providers, and treasury operations. This expansion in utility and adoption could drive its price up rapidly, ushering in a new era for the XRP ecosystem and global finance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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