The XRP community is experiencing a divide over the potential impact of the CLARITY Act, which aims to solidify XRP's commodity classification into federal law. While the act has garnered significant institutional support, including backing from Coinbase CEO Brian Armstrong, and is being pushed by the White House, the community remains split. Some believe the act will drive institutional adoption, while others are skeptical, citing past market reactions to similar regulatory developments. The CLARITY Act still faces several legislative hurdles, including a Senate Banking Committee markup and a 60-vote Senate floor approval, before it can be signed into law. Polymarket currently estimates a 50% chance of passage by 2026, down from 82% in February. Despite the optimism, many XRP holders remain cautious, drawing parallels to the Bitcoin ETF scenario where market expectations were not met post-approval. As the legislative process unfolds, the XRP community continues to debate the act's potential effects, with some long-term holders expressing fatigue over repeated delays and unmet expectations. The act's future remains uncertain, with its passage potentially reshaping XRP's market dynamics.
XRP Community Divided Over CLARITY Act's Potential Impact
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