Senate Returns With XRP CLARITY Act in Focus

Overview

• XRP traded around $1.34 to $1.35 as Congress prepared to reconvene on April 13 and the Senate Banking Committee targeted a markup in the second half of April.
• The CLARITY Act would classify XRP as a digital commodity, giving banks and large asset managers clear legal ground to hold XRP products.
• Standard Chartered’s Geoffrey Kendrick projects $4 billion to $8 billion of new XRP ETF inflows if the bill advances out of the Banking Committee.
• Seven U.S. spot XRP ETFs that launched between September and December 2025 have already gathered $1.44 billion without this legal change.
• Calendar pressure is building as Senator Bernie Moreno warned that slipping past May could stall the bill for the year and Treasury Secretary Scott Bessent urged quick action in a Wall Street Journal op-ed.