Republicans add definition to CLARITY Act cementing XRP's commodity status
- —The CLARITY Act draft grew from 616 to 635 pages before the vote
- —The ancillary asset definition fixes XRP's status as a commodity on secondary markets
- —The classification does not depend on how much XRP Ripple holds
- —Passing the procedural vote requires 60 votes, with Republicans holding 53
Why it matters: Cementing XRP as a commodity reduces regulatory risk for the token and could accelerate institutional demand if the bill passes the Senate.
Source: Cryptonews.net