XRP and the CLARITY Act: Why September 15 Could Be a Major Test

Here's why the vast XRP Army is counting the days until the September 15 CLARITY Act vote. But, can they be wrong? All crypto eyes have turned to the two major events next week (and the CPI inflation data on Friday), with some favoring the FOMC meeting, while others put more emphasis on the CLARITY Act vote on September 15. The XRP community appears to be in the second camp, as the countdown to the vote has become one of the biggest talking points among them, especially on X and Reddit. One of the popular users going by the X handle RippleXity recently outlined the significance of the CLARITY Act on XRP since it could put the token “at the center.” XRP Has an Advantage? The highly anticipated legislation would establish a comprehensive framework dividing responsibility for crypto between the Securities and Exchange Commission and the Commodity Futures Trading Commission. For Ripple’s native token, one of those major regulatory questions has already been answered via a lengthy and painful lawsuit. In March, the SEC explicitly identified XRP as a digital commodity, alongside BTC, ETH, SOL, ADA, and several other crypto assets. The watchdog said digital commodities derive their value ...