CoinDesk
XRP climbed above $1.50 on Thursday after the Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, jumping 5% over 24 hours and 7.6% on the week — outpacing bitcoin and ether, which each added under 3% for the week. The bill, one of Washington's two main crypto market-structure vehicles, would place more digital assets under a defined federal regime covering custody, trading, market making and ETF allocation, including for XRP specifically.
Ripple CEO Brad Garlinghouse called the vote "the moment" in a post on X, telling his audience that the industry "deserves the same rules and protections as every other asset class."
Why it matters
XRP has been shaped more directly by U.S. regulatory uncertainty than almost any other large-cap token. The SEC's December 2020 suit against Ripple triggered years of exchange delistings and institutional hesitation; a 2023 ruling from Judge Analisa Torres helped clear secondary-market trading from securities-treatment risk, but large allocators have been waiting for federal legislation that a future regulator cannot easily reinterpret. Senator Cynthia Lummis has said lawmakers have agreement on most of the bill, while Senator Elizabeth Warren has objected to parts of the process. The Memorial Day recess gives the current push a practical deadline.
Market impact
The demand picture is already visible outside the price action. U.S.-listed spot XRP ETFs drew $25.8 million in net inflows in their largest single day since early January, bringing cumulative inflows to $1.35 billion. Tokenized real-world assets on the XRP Ledger have crossed $3 billion, placing it among the leading non-Ethereum networks for institutional tokenization, while bridged DeFi TVL around the token has grown past $560 million led by Flare and Doppler Finance. Last week's Ripple-JPMorgan-Mastercard-Ondo pilot processed a tokenized U.S. Treasury redemption in under five seconds. XRP remains well below its 2025 highs and the $1.50 area is the level bulls need to reclaim; the committee vote delivered the catalyst, but full legal clarity is the trade that has to close.
Frequently asked questions
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What did the Senate Banking Committee actually do on the CLARITY Act?
The committee advanced the Digital Asset Market Clarity Act in a 15-9 vote on Thursday, moving the market-structure bill one step closer to a full Senate floor fight. The bill still has to merge with the Agriculture Committee's version, pass the full Senate, survive House reconciliation and reach the president's desk.
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Why is the CLARITY Act more important for XRP than for other large tokens?
XRP has been shaped more directly by U.S. regulatory uncertainty than most large-caps. The SEC's December 2020 suit against Ripple triggered years of exchange delistings and institutional hesitation, and a 2023 ruling from Judge Analisa Torres only partially cleared secondary-market trading. Federal legislation would…
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What are the next procedural steps for the bill?
The Senate Banking version must merge with the Senate Agriculture Committee's version, pass the full Senate, survive reconciliation with the House, and reach the president's desk. Senator Cynthia Lummis has said lawmakers have agreement on most of the bill, while Senator Elizabeth Warren has objected to parts of the…
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How are spot XRP ETFs and the XRP Ledger performing alongside the legislative move?
U.S.-listed spot XRP ETFs drew $25.8 million in net inflows in their largest single day since early January, lifting cumulative inflows to $1.35 billion. Tokenized real-world assets on the XRP Ledger have crossed $3 billion, and bridged DeFi TVL around XRP has grown past $560 million led by Flare and Doppler Finance.…
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Where does XRP's price stand after the vote?
XRP traded above $1.50 after the vote, up 5% over 24 hours and 7.6% on the week — outpacing bitcoin and ether, which each added under 3% for the week. The token remains well below its 2025 highs, and the $1.50 area continues to act as the level bulls need to reclaim.
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