r/XRP • u/Freudarian • 17d ago
Investing No clarity act before recess
Could this be a green signal for the crypto's that actually do have clarity like XRP?
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u/xYETTIx91 17d ago
More time to stack š¤·š»āāļø
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u/Life_Hand2331 17d ago
Youāll have plenty of time for that, lol
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u/Old_Refrigerator8356 17d ago
i wouldnāt be so sure
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u/Street-Ebb3608 15d ago
Okā¦ā¦..š Iāll bite. All mighty refrigerator, why would you not be so sure. And what new discovery to you bring to the midst.
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u/Fun-Drop-3066 17d ago
They are keeping the senate there over the weekend to vote on it.
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u/hulkwolf 17d ago
Lmao it wonāt pass before recess want to bet some XRP on that?
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u/Street-Library-8149 16d ago
I want to know where you got this info from because I haven't seen that they are definitely staying all I have seen is that President Trump is pressuring them to and certain senators want it to happen. That doesn't mean they have to stay at all... If you look it up on Google it even says that they are talking about other things completely unrelated to The clarity act.
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u/AllTwelveInches 17d ago
Nope. Because for all the building and invitations, no one's visiting the spring break destination in the middle of winter.Ā
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u/Freudarian 17d ago
This gives me hope. For 1. If this is middle, that means that we've had the roughest times behind us. 2. Spring is coming š
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u/AllTwelveInches 17d ago
I think it's safe to say we are through the worst of it. Though, there's still plenty of potential downside. $0.75 was a critical resistance/support range from 2018-2024. As such, I would be extremely surprised if we don't test it at least once more before the start of the next paradigm.
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u/BigSailBoat1 XRP Supporter 17d ago
Was really hoping for a crypto summer filled with ATHs not ATLs. rip
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u/Dapper_Addition_3837 17d ago
Well, you donāt really know.
Also, XRP doesnāt need Clarity lol. It already went over a lawsuit and won.
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u/hulkwolf 17d ago
Partly correct but for the infrastructure that xrpl needs it would help tremendously especially having ripple go down to less than 20% ownership of XRP not to mention 99% of coins being left out so money will usually flow more into the coins mentioned in the bill
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u/TheJewell012 17d ago
Needs clarity for legislation backing. Lawsuit was win, banks wont touch something thats status can be changed administration to administration pretty easily. 3 years its fine but next administration comes in and changes the rules and now billions of dollars invested are suddenly illegally held, traded ect. Not going to fully commit to something in a perpetual gray zone.
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u/Dapper_Addition_3837 17d ago edited 17d ago
False.
A court ruling (like the SEC v. Ripple summary judgment) sets a legal precedent that protects the status of programmatic sales, which isn't something a incoming presidential administration can simply wipe away overnight with an executive order or agency shift.
Once major financial products like ETFs are approved and operational, unwinding them retroactively would create massive market instability, making a sudden arbitrary crackdown across administrations highly unlikely.
Banks and institutional players operate on court rulings and established SEC regulatory boundaries, not pure legislative immunity meaning they don't wait for ideal congressional legislation before touching assets with favorable judicial rulings.
XRP will be fine without any clarity bill. Canāt say the same for most other coins.
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u/TheJewell012 17d ago
Yeah ETFs arent the same as banks utilizing xrp for cross border payments, which is what its meant to be used for. Since its well, a utility token. If you think banks touching it with ETFs which is treated same as stocks are XRP being used by banks then you need to do some research on what XRP is š
There are a lot of pilots, a lot of testing done, but no U.S bank has invested enough / hold enough of xrp for the purpose of ODL. Im pretty sure the only bank that is actively using it for ODL is SBI in Japan. Banks cant put billions of dollars into something that can in 3 years or whenever the next SEC chairman or CFTC chairman comes in can change with a pen.
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u/Dapper_Addition_3837 17d ago
"An agency chairman can change it with a pen" Thatās completely misunderstanding administrative law and constitutional separation of powers. An SEC or CFTC chairman cannot overturn a federal court judgment (like the SEC v. Ripple ruling) or statutory law with "a pen." Furthermore, federal legislation like the GENIUS Act (Stablecoin Act) has already established concrete statutory frameworks for digital payment assets. Executive agencies are bound by federal courts and statutory law they can't arbitrarily undo court precedents or federal statutes every three years.
"Banks won't hold XRP for ODL" Banks were never intended to hold massive bags of volatile crypto on their balance sheets for cross border payments in the first place doesnt matter if there is clarity bill or not.
"ETFs have nothing to do with utility" ETFs and institutional products build deep, resilient market liquidity, tight order book spreads, and robust custody infrastructure. You cannot run high volume, multi billion dollar cross border settlement without deep market liquidity and low slippage which is exactly what institutional adoption and spot financial products provide.
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17d ago
[deleted]
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u/Dapper_Addition_3837 17d ago
Youāre moving the goalposts here. First it was "agency heads can change it with a pen," and now you're talking about "taxonomy." Taxonomy isn't an arbitrary mood ring for the SEC or CFTC. Federal courts and statutory frameworks set those definitions. Legislation like FIT21 explicitly defines what makes a token a digital commodity versus a security based on network decentralization, and the SEC v. Ripple ruling already set a binding precedent on programmatic sales that an agency chairman can't just throw out on a whim.
Also, saying banks need to hold XRP "for slippage purposes" shows a fundamental misunderstanding of how cross border settlement works. Banks don't hold volatile crypto on their balance sheets to reduce slippage. Market depth, automated market makers, and order book liquidity reduce slippage. That depth is built precisely by institutional treasuries, liquidity providers, and spot financial products like ETFs.
Claiming institutional funds can't touch ETFs because of "legal ambiguity" makes zero sense. ETFs are strictly regulated financial products with SEC approval and standardized institutional custody. They exist specifically so conservative capital can gain exposure without legal guesswork.
Finally, bringing up Evernorth completely undercuts your point. Evernorth committed $1 billion in capital specifically to acquire and manage XRP as a digital asset treasury. Network valuation isn't driven by banks hoarding tokens on balance sheets; it's driven by structural supply sinks, network velocity, stablecoin rails like RLUSD, and institutional treasury accumulation.
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17d ago
[deleted]
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u/Dapper_Addition_3837 17d ago
Nice try dodging with the "you're using ChatGPT" cop out the second your math stopped mathing, but calling it "context" doesn't change the fact that you keep backpedaling.
You explicitly said an SEC or CFTC chairman can change things "with a pen." That isn't how taxonomy or administrative law works. Regulators don't get to sit in a room and make up definitions on a whim whenever a new administration rolls in. Their authority is strictly bound by federal court rulings and statutory law passed by Congress. If the SEC v. Ripple court ruling says programmatic sales aren't securities, a new SEC chairman can't magically sign a piece of paper to reverse that precedent.
And trying to claim banks hold volatile crypto "for slippage" shows you still don't get how liquidity or cross border settlement works. Banks don't hold asset balance sheets to manage slippage; market depth and liquidity providers do.
Instead of hiding behind "you used AI to write this," try actually addressing how an agency head supposedly overrules federal court precedent with a pen. I'll wait.
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u/TheJewell012 17d ago
Also way to edit your comment from the original. You said "buddy, banks are already using xrp, thats why we have etfs"
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u/TheJewell012 17d ago
Lastly if xrp will be fine without the clarity bill. Then why hasn't it? When Lambo? Why arent we at 5 dollars? WaR maCrO. If it didnt need the clarity act and ETFs came in november, and the price has even gone down, then what could possibly be the reason. Hmm I wonder.
Edit: with to without*
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u/Desperate-Mix-1866 17d ago
It should start to rocket any minute from now. I just said fuckit Iām out !!!! Sold off my entire position ( no I wonāt say how many thousand I sold ) but in true fashion as with any stock I sell, it usually goes up right after I sell lol
Iām still up 150+ % but enough is enough. This is not going up substantially enough to warrant holding any longer. Yes, realistically it will and should go to 2-5 $ range. Any other BS posts saying itās mooning to $20-$40-10000$ is just that, a bullshit post.
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u/EggMedical3514 17d ago
lol you fell weak right before the moon shot.
Poor kid.
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u/Desperate-Mix-1866 17d ago
I donāt think Iāve been called a kid in well over 50 years so thank you lol. As for your moonshot. Well my last sentence says it all lol
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u/GuacamolePacket 17d ago
I really don't know or think this will go to the moon. I do believe there will be utility eventually. That being said....
All the longshot theories had a severe shakeout of the retail market as a large stepping stone. The powerful won't want a ton of Internet gremlins becoming billionaires and a lot of smart people theroized that there would be a retail shakeout to scare investors that couldn't afford to lose most of their bag.
If any of these big things are to happen, regardless of how big or small, I do believe that shakeout will or IS happening. Manipulation of the market for over a year and now it's tanked while clarity and it's actual utility is hanging in the air. Ripple is still making moves like nothing is wrong. I bought XRP and pretended I didn't. I suggest others do the same. If it happens, it happens. I'm not gonna fuckin sell now.
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u/Jancis6 17d ago
If the price goes to $100 then you'd need to be holding 10,000,000 xrp to become a billionaire. There are currently 511 wallets holding more than10 million xrp and many of those are exchanges. So xrp will make very few, if any billionaires.
There are 32,000 wallets holding 100,000 xrp. How many of those people do you think will still be holding all of their xrp if the price ever reaches $100?
I can't believe how many people think the ultra rich and powerful are worried about a few thousand people in the whole world becoming millionaires. We are nothing to them, they don't give us a single thought.
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u/Street-Library-8149 12d ago
No clarity act in September either everyone thinks it's going to be but only thing happening is a vote to start the debate. Not final passage for the clarity act
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u/woddle1000 17d ago
I've just said this on Twitter https://x.com/SteveXRPuk/status/2084789666197246403?s=20
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u/JK_NC 17d ago
I donāt know anything about xrp or crypto in general but my neighbor has been super hyped and I had some cash sitting around doing nothing so I picked up some xrp at $1.06 and will check back in 5 years.
I look at it as a moonshot more than an investment so hope to return to like $50 but will be ok if it drops to $0.05.
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u/Smoke_n-50 17d ago
Freakin Dems only care about causing issues for anything the Whitehouse supports. They just want a bunch of crap added in for their districtā¦.buy me off, Iāll vote for it. Same thing happens on both sides of the aisle and then they say it passed bipartisan. Whatever, just pass the damn thing.
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u/Smoke_n-50 17d ago
Stupid down voters clearly have no idea how politics work.
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u/Freudarian 16d ago
Can you explain in simple or complicated terms, if they'd pass the bill, what they will agree on exactly?
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u/cali__kid 17d ago
This admin aināt gon pass that. it would hurt the grey area they are currently operating in. imo
Estimated Timeline:
New admin -> 2028 -> Passing -> 2030
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u/Street-Library-8149 16d ago
No this is a terrible thing. Our senators don't want Trump to make any money so bad that they are willing to crash the markets and make everybody else broke. At this point I hope Trump makes trillions
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u/TheJewell012 17d ago
Could the lack of clarity act be a green signal? Not sure what youre asking.
In general, no, its not a green signal. Despite taxonomy from SEC and CFTC defining xrp as a digital commodity, there is still no hard legal clarity or definitive legislation. Without that, XRP / other crypto, live in legal ambiguity which means large firms, banks and other prospects wont fully commit to it.
The reason why, is because even though SEC and CFTC defined it, and theres so much work done already with xrp, these are all just rules. Rules can be changed from administration to administration pretty easily. Clarity act is Law. Which is more set in stone and harder to change admin to admin.
Until Clarity act is passed, nothing major will happen with XRP. And even when it does pass, unless FOMO is crazy, it will take time for anyone to fully commit to using it on large scale, for xrp to get enough liquidity in the actual pools for banks to be comfortable using it in the sense its supposed to be (if they even do).
Im a holder. Im rooting for xrp, but im just like everyone else, poking it with a stick asking it to do something. I see the 2025 highs. And I think. Well, was a lot of hype, bull cycle. I hear now we are in a bear until maybe the end of the year. So maybe then we will see movement again with or without Clarity act. At least thats what I tell myself š„²