The Clarity Act, a proposed crypto bill in the Senate, may allow XRP ETFs to function similarly to banks by clarifying digital asset regulations. The bill aims to provide lighter reporting requirements for tokens backing U.S.-listed ETFs, potentially granting them a status closer to commodities. This could enable investors to deposit XRP directly into ETFs and receive equivalent shares, akin to a custodial account. XRP ETFs have seen inflows of $1.37 billion since their launch in November 2025. The concept, suggested by XRP community member Chad Steingraber, posits that these ETFs could serve as regulated storage, allowing investors to switch between holding tokens and ETF shares. However, only authorized participants can deposit tokens directly into ETFs, and the comparison to banks is limited, as ETFs lack core banking services like insured accounts and loans. The Clarity Act, still under debate, proposes easier regulatory treatment for tokens like XRP, Solana, and Litecoin if they back a U.S.-listed ETF by January 1, 2026. This move could align these assets more closely with commodities, though the bill does not officially reclassify them.