Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
XRP The Clarity Act has once again attracted attention in Washington, with heated discussions in the crypto field that the Senate is about to vote.
Vivek Sen, a cryptocurrency opinion leader, posted an interview clip on the Fox Business Channel on social media involving Rep. Bryan Steil's comments on the Clarity Act. The video rekindled attention in Washington to the bill and sparked speculation that U.S. digital asset legislation was about to make progress.
Progress of the Clarity Act in Congress
In an interview with Fox Business Channel, Steyer talked about the current state of the bill and expressed optimism that the U.S. Senate will soon consider the legislation. "It is crucial for the United States to set a gold standard for regulation in the field of digital assets," he said. He emphasized that clear regulatory standards are of great significance.
Steyer pointed out that the House has done its job and urged the Senate to act quickly to "free up so much capital, human capital and financial capital in the U.S. market." Proponents of the bill believe that clear federal regulatory measures can drive a large number of new investments into the U.S. digital asset market, which in particular may bring large-scale capital inflows to Bitcoin and other cryptocurrencies.
The Clarity Act was first passed in the House of Representatives on July 17, 2025, with a vote of 294 in favor and 134 against. However, the bill has so far not been voted on by a full Senate.
Current status and political obstacles
The bill was passed by the Senate Banking Committee by a 15 - 9 vote on May 14, 2026, and was subsequently placed on the Senate legislative agenda on June 1. Although a timetable has been set before, the Senate has failed to achieve its goal of signing before July 4, and a specific date for the Senate's full vote has not yet been determined.
The Senate currently holds 53 seats, and the bill requires 60 votes to pass. At least two Republican lawmakers are reportedly expected to vote against it.
The main point of contention is a provision proposed by Senate Democrats that they want to ban U.S. President Donald Trump, his family and administration officials from holding or participating in cryptocurrency transactions. The proposal stems from Trump's financial disclosure report, which showed he has made $1.4 billion from cryptocurrencies since returning to the White House.
The Senate must resolve these internal differences before its upcoming August 7 recess, making the bill's future full of uncertainty.
Note: Vivek Sen is a closely watched cryptocurrency commentator and social media influencer who often shares updates and views on U.S. digital asset legislation and market trends.
Potential impact of the bill on the cryptocurrency market
The Clarification Act aims to provide clear federal classifications for several well-known cryptocurrencies, characterizing them as commodities rather than securities. The bill specifically mentions assets such as XRP-XRP has already been confirmed by judicial rulings to have its commodity attributes, and the bill will incorporate this protection into federal law, making it more difficult for the government to overturn the determination in the future.
Several market analysts believe that the Clarification Act is expected to become a major catalyst for XRP because it can eliminate long-standing uncertainties and promote the participation of institutional investors. If passed, the bill is expected to clarify regulatory boundaries, benefiting XRP and the broader digital asset space.
As the Clarification Act is expected to advance, some market participants expect large-scale capital inflows into digital assets, as a clearer regulatory environment may encourage institutional adoption. Momentum is building around the bill amid continued debate in Congress and strong calls from advocates for lawmakers to take action before the August recess.
