CLARITY Act a ‘done deal,’ bullish for XRP
Banks and crypto companies have reached an agreement. XRP will soon enjoy full CLARITY.
North Carolina state representative Hugh Blackwell set the XRP community on fire this week. Blackwell recently said that negotiations are finished and that CLARITY Act is “A DONE DEAL. Banks and crypto companies have reached an agreement.”
He added that full implementation is set for 2026.
An industry-level compromise between the banking lobby and crypto firms that had been blocking the bill for months, if true, has landed!
Market Context
He said the language is done, on the negotiating table. What remains is the Senate vote and Donald Trump’s signature.
Unfortunately, a pesky little complication called the Iran War has delayed CLARITY for months, but it looks like the disagreements about CLARITY might be over, lining that bill up for a vote as soon as Congress gets back from recess.
The foundation was laid last summer. The House passed CLARITY as HR 3633 by a commanding 294–134 vote on July 17, 2025.
It was not a narrow, partisan-line win. It is a signal that members of Congress, across party lines, agree that digital assets need a legal framework and market structure enshrined as law.
Below, I get into how CLARITY benefits XRP specifically.
News
Representative Hugh Blackwell declares Clarity Act a “done deal” (X)
FDIC releases stablecoin guidelines under GENIUS Act (FDIC)
US regulators move to revise anti-money laundering rules (FDIC)
CZ’s memoir now available on Kindle (Amazon)
SEC filed 456 enforcement actions in FY25, money relief totaling $17.9B (SEC)
DOJ rejects bid to dismiss Tornado Cash founder’s charges (CourtListener)
FBI logged 181K crypto and 22K AI-related complaints in 2025, combined losses hit $12.2B (IC3)
Congress demands CFTC explain inaction on prediction market insider trading (Moulton.house.gov)
South Korea orders exchanges to reconcile balances every 5 minutes (FSC)
Hyperscale Data $GPUS preliminary Q1’26: Revenue $43-45M (PRNewswire)
Bit Digital $BTBT ETH holdings 155,444 (PRNewswire)
UBS, PostFinance, and partners launch CHF stablecoin sandbox via Sygnum (Sygnum)
Coinbase receives derivatives license in Australia (Coinbase)
Morgan Stanley $MS expected to launch bitcoin ETF $MBTC today (X)
World Liberty Financial under scrutiny for ties to sanctioned Prince Group (The Times)
Binance adds spot trading guardrails (Binance)
Argentine banks pilot JPM Coin to modernize interbank infrastructure (iProup)
$FOX to integrate Kalshi forecasts across Fox News and Fox One platforms (BusinessWire)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
XRP Premium Analysis
Big banks, led by the American Bankers Association, argued that letting crypto exchanges offer yield on stablecoins would trigger deposit flight from traditional checking and savings accounts.
Coinbase was the primary advocate on the crypto side, with CEO Brian Armstrong publicly withdrawing support for the bill in January over yield restrictions. President Trump himself accused banks of holding the CLARITY Act “hostage” shortly after meeting with Armstrong.
That standoff is now over. Senators Thom Tillis and Angela Alsobrooks reached an agreement in principle with White House officials on the stablecoin yield language in late March. Within the Senate Republican caucus, the deal was described as nearly complete.
The Senate Banking Committee has targeted a markup session for the second half of April, following the Senate’s return from Easter recess this coming Monday, April 13.
Ripple CEO Brad Garlinghouse publicly cited odds of passage between 80% and 90% and has indicated the timeline could extend to May.
The bottleneck is gone. CLARITY is on the calendar.
Here’s why CLARITY is good for XRP. Specifically, the bill allows the XRP Ledger (XRPL) to…