Proposed CLARITY Act would classify XRP, XLM and HBAR as CFTC-regulated digital commodities
AI Market Summary
Proposed U.S. CLARITY legislation would classify utility tokens such as XRP, XLM, and HBAR as CFTC-regulated digital commodities rather than SEC-regulated securities, increasing statutory certainty. The article links regulatory clarity to prior stablecoin expansion after the GENIUS Act, implying improved market structure, broader institutional participation, and higher liquidity if enacted. Near-term impact is centered on regulatory-risk repricing across the cited utility-token cohort.
Impact level
● Medium
Affected assets
XRP/USDT+0.49%
AI Insight · XRP/USDTAI Insight
▲ Bullish
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A proposed U.S. CLARITY Act would explicitly classify utility tokens such as XRP, XLM and HBAR as digital commodities overseen by the CFTC rather than securities under the SEC, aiming to provide permanent statutory certainty. The proposal is compared with the GENIUS Act, which became law in July 2025 and established clear rules for stablecoins. After that framework took effect, stablecoins’ total market value rose from $205 billion to over $311 billion, and daily volumes reportedly jumped from $1 trillion to $4 trillion. An adviser cited in the article said trillions in institutional capital are waiting on this kind of regulatory clarity.
