Ripple CEO Predicts 90% Chance of a US Crypto Bill Passing by April
What's Going On?
Ripple CEO Brad Garlinghouse has made a bold prediction of a 90% chance that the US CLARITY Act will be passed by April, which might put an end to the regulatory uncertainty surrounding XRP.
Main Details:
The Bill: The Digital Asset Market Clarity Act (H.R. 3633) intends to establish a clear regulatory framework for cryptocurrencies such as XRP.
Timeline: The White House is aiming for a March 1 deadline to complete the final negotiations on the stablecoin provisions.Impact: This legislation would demarcate the authorities of the CFTC and SEC, thereby allowing token projects like XRP to thrive under the utility classification.
Why Now?
After months of Senate delay, the bill has received support again, with fresh meetings between banking leaders and crypto executives paving the way for progress.
Price Impact on XRP
A federal law would be the formal confirmation of XRP's status as a non, security, thus potentially being a gateway to institutional investment. The current price of XRP is $1.41.
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