CLARITY Clears the Senate by August, Where Does XRP Trade by Q4?

The CLARITY Act is one vote away from giving XRP federal status, potentially resolving its legal classification for good, but time is tight as the Senate has limited floor time before the midterms. If enacted, the bill would lock XRP’s status as a commodity under federal law and assign most crypto oversight to the CFTC, with XRP trading around $1.13 and investors eyeing year‑end price implications. The bill must be merged between the Senate Banking and Agriculture committees and survive a 60‑vote threshold, a hurdle that hinges on bipartisan support. A central obstacle is Section 604, which shields software developers who do not hold user funds from banking regulations, a point of contention with law enforcement and developers alike.

Administration officials met law‑enforcement groups on June 11 to hash out the clause’s details, underscoring its critical role in the bill’s fate and the pressure to act before August recess.