The U.S. Digital Asset Market Clarity Act could potentially classify XRP alongside Bitcoin and Ethereum as non-securities, according to crypto journalist Eleanor Terrett. The draft legislation proposes that digital assets backing exchange-traded products (ETPs) by January 1, 2026, will be categorized as "network tokens," exempting them from being treated as securities. This would mean XRP, which already supports multiple ETPs, would avoid additional disclosure requirements and be legally treated the same as Bitcoin and Ethereum.
The bill's approach relies on existing financial infrastructure, specifically nationally listed ETPs, to determine non-security status, marking a significant shift for XRP, which has faced regulatory scrutiny since the SEC's 2020 lawsuit against Ripple. The Clarity Act aims to solidify XRP's non-security status, aligning it with Bitcoin and Ethereum, which are considered commodities. The Senate Agriculture Committee has delayed its review of the bill to the end of January to maintain bipartisan support.
U.S. Clarity Act May Grant XRP Equal Status with Bitcoin and Ethereum
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
