CLARITY Act Delayed…Is XRP's Rally Opportunity Fading?

▲ 비트코인(BTC), 엑스알피(XRP), 암호화폐 규제/AI 생성 이미지 ©

The CLARITY Act, a U.S. cryptocurrency market structure bill that was considered a key variable determining the mid-to-long-term direction of XRP (Ripple) prices, has shifted from expectations of 'imminent passage' to a phase of 'schedule delay,' drawing market attention once again.

According to the cryptocurrency media outlet Bitcoinist on April 22 (local time), market analysts evaluated that CLARITY Act negotiations have made significant progress based on recent political statements, but diagnosed that the actual legislative process is likely to be delayed more than expected.

Patrick Witt, White House crypto advisor, stated that a compromise is underway on the stablecoin interest issue, which was a key point of contention between the banking and crypto industries, and that remaining issues are in the final stages. Senator Mark Warner commented, “We've made more progress in four days than we have in four months,” and Senator Cynthia Lummis also assessed that 99% of the conflict has been resolved. It was also reported that most issues related to DeFi and commodity classification have been resolved.

However, the schedule remains a variable. Senator Thom Tillis conveyed his stance that further coordination is needed on the stablecoin interest issue, and that the bill's introduction in April should effectively be put on hold. Consequently, there is a possibility that the markup, originally expected in April, will be postponed to May. CoinDesk also cited Senate aides, stating that while the schedule delay is not critical, the legislative time will be limited due to the entry into the election season after August.

This trend directly impacts XRP investor sentiment. The market views the CLARITY Act as an opportunity to 'resolve the discount' across the entire cryptocurrency market, which has been constrained by regulatory uncertainty, and expectations remain that it could act as a strong bullish catalyst for XRP, especially given its narrative as a banking payment infrastructure. Some analysts believe that structural capital inflows into major assets, including XRP, would be possible upon the bill's passage.

Ultimately, time is the key. If the bill passes within a few weeks, the upward momentum could strengthen, but if the schedule is significantly delayed, the possibility of diminishing expectations cannot be ruled out. The market has now entered a phase where it is more sensitive to 'when it will pass' rather than 'whether it will pass'.

*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.*