XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress
XRP experienced a 5% increase following the advancement of the Digital Asset Market Clarity Act by the Senate Banking Committee. This legislative move aims to provide clearer regulations for crypto markets, potentially attracting more institutional investment into XRP products. However, the bill still faces several legislative hurdles before it can become law.
- ▪XRP's price rose above $1.50 after the Senate Banking Committee voted 15-9 to advance the Clarity Act.
- ▪The Clarity Act aims to establish a defined market structure for digital assets, including custody and trading regulations.
- ▪Ripple CEO Brad Garlinghouse emphasized the need for the same rules and protections for digital assets as other asset classes.
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| Publication time | Sat, 16 May 2026 11:30:00 +0000 |
| Retrieval time | 2026-05-16T11:40:18.366Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailXRP beat bitcoin gains as Clarity Act advanced, but a real bullrun still needs CongressThe token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.By Shaurya MalwaUpdated May 17, 2026, 9:12 a.m. Published May 16, 2026, 11:30 a.m. 3 min readMake preferred on What to know: XRP jumped above $1.50 after the Senate Banking Committee advanced the Digital Asset Market Clarity Act, a key step toward clearer U.S.
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