CLARITY Act Gains Momentum: What It Means for Crypto Markets and XRP

The probability of the U.S. CLARITY Act advancing through Congress is rising once again, signaling renewed confidence across the cryptocurrency market. According to Polymarket data, the chances of the bill passing recently surged past 60%, even reaching as high as 69% before stabilizing in the low 60% range. This upward trend reflects a shift in sentiment after a prolonged period of uncertainty surrounding crypto regulation in the United States.

As the Senate moves closer to a decisive stage, traders and investors are increasingly pricing in the likelihood of legislative progress. Despite ongoing political hurdles, optimism remains strong. Lawmakers are reportedly preparing for a key committee markup as early as May 2026, which could play a crucial role in determining the bill’s future.

Senate Banking Committee Chair Tim Scott described the CLARITY Act as being in the “red zone,” indicating that it is approaching a critical phase. A major breakthrough was achieved when lawmakers resolved disagreements over stablecoin yield provisions, which had previously delayed negotiations. With this issue settled, efforts are now focused on securing support from Senate Republicans.

The CLARITY Act is designed to address regulatory gaps left by earlier proposals such as the GENIUS Act. While it has already passed the House with bipartisan support, the Senate has presented more challenges for approval.

The potential impact of the CLARITY Act extends to major cryptocurrencies like XRP. Legal expert Bill Morgan noted that while the bill’s failure may not directly affect XRP’s classification, any negative impact on the broader crypto market could put downward pressure on its price. Conversely, if the legislation passes, it could boost market confidence, strengthen regulatory clarity, and support positive price movement for XRP and other digital assets.