The post XRP Eyes Regulatory Breakthrough With CLARITY Act Vote appeared on BitcoinEthereumNews.com.

A June 10 CLARITY Act vote could classify XRP as a commodity, shifting oversight from the SEC to the CFTC. XRP’s decentralized design and long-term commodity argument is gaining traction amid rising institutional support. Discussions around XRP commodity status are gaining momentum again. As noted, the upcoming June 10 review of the Digital Asset Market Structure (CLARITY) Act by the U.S. House Financial Services Committee could set a significant precedent for how digital assets are defined and regulated across the country. Committee to Decide if XRP Should Be Treated as a Commodity The CLARITY Act, set for review next week, could mark a turning point for XRP. The legislation aims to distinguish between commodities and securities in the cryptocurrency sector clearly.  Previously, we covered that the company behind XRP Ledger, Ripple Labs, urged the SEC to stop applying outdated rules to crypto assets like XRP. If the CLARITY Act is passed, oversight of digital assets like XRP could shift from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC).  This change would move XRP closer to being officially classified as a commodity and could have wide effects. The bill proposes that brokers dealing in digital assets must separate customer funds. If enforced, that change could increase investor confidence and strengthen the safety of crypto investments. The commodity label would provide legal clarity for XRP, which may reduce market instability and calm volatility. Notably, XRP’s technical design strengthens the argument for its commodity status. The coin operates without a central issuer, cannot be frozen by authorities, and allows unrestricted transfers.  These features align more closely with commodities than securities, making XRP a clear case study as lawmakers examine digital asset classification.  Meanwhile, as mentioned in our previous news brief, VivoPower International has announced that it has raised…

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Filed under: News - @ June 8, 2025 11:25 am