The U.S. House of Representatives has passed the CLARITY Act, a landmark bill set to redefine digital asset regulation and already sparking significant market reactions.
XRP, associated with Ripple, surged to an intraday high of $3.37, marking a 35% weekly gain, while Bitcoin approaches $120,000 as optimism spreads.
The bill garnered surprisingly strong bipartisan support, with 71 Democrats voting in favor, exceeding expectations and indicating a growing consensus on crypto regulation. This momentum was noted by policy watchers, with House Financial Services Committee Chair French Hill appearing “visibly giddy.”
The CLARITY Act now moves to the Senate, where it is expected to face more resistance, particularly from figures like Senator Elizabeth Warren. Meanwhile, the House is also poised to vote on the GENIUS Act, a separate stablecoin regulation bill, which is also anticipated to pass.
The crypto industry is closely observing these developments in Washington, seeing them as a potential turning point for regulatory clarity, with XRP and other altcoins already reflecting increased market confidence.
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