Regulation· ★★★★· bullish·

Lawyer: final CLARITY Act text settles the dispute over XRP's status

  • —XRP is recognized as a commodity on the secondary market regardless of Ripple's holdings
  • —The final 635-page CLARITY Act text has been published
  • —126 amendments proposed by Democrats were incorporated
  • —Officials are required to sell their crypto assets or place them in a blind trust
Why it matters: Cementing XRP's commodity status reduces regulatory risk for the token and sets the framework for the entire U.S. spot crypto market.
#XRP
Source: Cryptonews.net
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