The Clarity Bill, which aims to define the handling of digital assets by banks, is scheduled for a vote in January. This legislation, confirmed by David Sacks, could lead to the reclassification of XRP as a commodity, potentially reducing regulatory pressures on the cryptocurrency. Such a change may attract institutional investment and enhance XRP's utility in cross-border payments. Additionally, the EU's Markets in Crypto-Assets Regulation is influencing global crypto policy, while efforts to counter the financing of terrorism are shaping new frameworks for digital asset treatment. These developments could significantly impact the regulatory landscape for cryptocurrencies.