XRP, one of the leading alternative cryptocurrencies, has reached a new growth level following the unofficial approval of the CLARITY Act in the U.S. House of Representatives.
XRP’s Surge Ahead of CLARITY Act
The Ripple-linked token achieved a new intraday high of $3.37, increasing by 35% in just one week.
Support for the Bill in Congress
Democratic support has exceeded expectations from both parties. As of press time, 71 Democrats have voted 'yes,' showcasing strong backing for the key cryptocurrency regulatory initiative.
Prospects of the Bill in the Senate and New Initiatives
The CLARITY Act will now head to the Senate, where it will face greater opposition, including from Senator Elizabeth Warren. Meanwhile, the House is preparing to vote on the GENIUS Act, which aims to regulate the stablecoin sector and is expected to pass as well.
The success of the CLARITY Act in the House represents a significant win for the cryptocurrency lobby, and its advancement in the Senate will determine the future of digital asset regulation in the U.S.
