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Crypto market analyst Jake Claver believes XRP is set to obtain commodity status with the upcoming passage of the CLARITY Act. Based on data shared today on the X platform, Jake said XRP already meets the requirements to be considered a digital commodity under the new draft CLARITY Act. According to the analyst, the passage of the CLARITY Act next month will automatically grant XRP federal commodity status, unlocking large-scale institutional use and removing regulatory concerns that previously limited the asset’s utility.
Digital Commodity Status Impact on XRP
The analyst’s assertive conviction is grounded in the fact that the US SEC and CFTC collectively published a framework that formerly categorized XRP as a digital commodity. This classification, marked as the most important legislative turnaround in XRP’s history, puts the asset under the same legal framework as Bitcoin and Ether, practically terminating the securities controversies that dragged Ripple Labs into fierce legal battles since 2020. With ‘the unregistered securities’ label eradicated, the supervision of XRP spot markets now comes under the CFTC’s oversight, paving the way for structured institutional offerings and ETF launches after next month, following the enactment of the CLARITY Act.
The US Senate went on recess last week, August 8, and will resume sittings next month, expected to vote on the CLARITY Act mid-September. Ratification of the Act could remove security uncertainty around XRP for investors and adoption. This will effectively formalize the classification of XRP as a commodity, considered the same class as Bitcoin and Ethereum, clearing hurdles to XRP’s ETF approvals.
The CLARITY Act: A Massive Catalyst for XRP Growth
XRP is at a critical juncture, as its future price depends on positive regulatory developments, real-world applications, and a volatile technical architecture. The imminent approval of the CLARITY Act could solidify the asset’s status as a commodity, draw massive long-term institutional fund inflows, eradicate regulatory uncertainty, and enable XRP prices to shoot up to the $100 level (according to the analyst’s projection).
More ETF approvals, RWA utilities, and new institutional DeFi lending on the XRP blockchains will spur demand for XRP as a cross-chain asset for onchain applications.
