US Senate to Vote on CLARITY Act Impacting XRP and Major Cryptocurrencies on January 15
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Vote Timing: The US Senate is set to vote on the Digital Asset Market Clarity Act (CLARITY Act) on January 15, which aims to provide a clear regulatory framework for digital assets, potentially impacting XRP and major cryptocurrencies significantly.
- Regulatory Roles: The Act explicitly assigns oversight of digital commodities to the Commodity Futures Trading Commission (CFTC) while collaborating with the Securities and Exchange Commission (SEC) to address asset classification and market abuse issues, thereby enhancing market transparency.
- Market Reaction Expectations: Analysts widely view the CLARITY Act as a significant reset for the crypto market, anticipating it will reduce wash trading and market manipulation, thereby boosting investor confidence, particularly in major assets like XRP and Bitcoin.
- Community Reactions: The XRP community is buzzing with anticipation regarding the Act, believing that stricter trading rules will help prevent market manipulation and enhance transparency in exchange operations, promoting a healthier development of the entire crypto market.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






