Ripple (XRP) surges 7%... SEC and oil prices change the mood, overcoming the shock of the Clarity Act's rejection

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XRP (Ripple) quickly shook off the shock of the rejection of the Clarity Act, a U.S. cryptocurrency market structure bill, and rebounded by more than 7%. Investor sentiment revived as international oil prices retreated from their highs, easing interest rate burdens, and the U.S. Securities and Exchange Commission (SEC) allowed limited regulatory exceptions for tokenized stock trading for five years. However, since this measure does not directly change XRP's regulatory status, future legislative movements in Washington are considered a more important variable.

According to the investment media TradingNews on September 19 (local time), XRP rose 7.2% in 24 hours as of 3:01 PM on September 18. At that time, the price of XRP was around $1.42, with an intraday trading range of $1.30 to $1.42, and trading volume was recorded at $4.5 billion. On the same day, in the New York stock market, the S&P 500 index fell by 0.2%, and the Nasdaq Composite Index remained flat, making XRP's upward trend particularly noticeable.

One of the contributing factors to the rise was the SEC's regulatory action. While the Senate had previously failed to advance the Clarity Act, the SEC provided a limited five-year exception to allow trading of tokenized U.S. stocks. Tokenized stocks are existing stocks implemented in digital form, with the possibility of 24-hour trading being discussed in the future. If the Clarity Act had passed, XRP would also have been subject to a clearer regulatory framework, but this SEC action does not directly change XRP's own regulatory status. Nevertheless, the market viewed the movement of a key regulatory agency, despite legislative stagnation in Congress, as a positive signal.

The decline in international oil prices also provided relief for risk assets. Brent crude, the benchmark for global oil prices, at one point during the week approached $110 per barrel, fueling inflation concerns and impacting the rise in U.S. Treasury yields. High Treasury yields can increase the investment appeal of relatively safe bonds, putting pressure on risk assets like XRP. However, on Friday, Brent crude fell below $104, and long-term Treasury yields also retreated from their recent highs, partially easing the burden surrounding interest rates and inflation.

However, the media's analysis suggests that a more important variable for XRP investors than the temporary exception for tokenized stocks is legislation that directly defines the legal status of digital assets. In particular, subsequent legislative moves in Washington that clarify how digital assets are classified as commodities or securities and which regulatory agency will oversee them could directly impact XRP. This SEC action is a signal that the regulatory environment is shifting, but it does not mean that a new legal status has been granted to XRP itself.

Ultimately, this XRP rebound is interpreted as a result of the combined effect of eased macroeconomic burdens due to falling oil prices and limited regulatory changes by the SEC. Although regulatory policy movements continued even after the rejection of the Clarity Act, providing a catalyst for market sentiment to recover, it is difficult to say that XRP's long-term regulatory uncertainty has been resolved. The market's focus will now likely shift to whether the U.S. Congress can advance legislative discussions to clarify the classification of digital assets as commodities or securities.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*