The cryptocurrency market has seen significant fluctuations in recent days, with XRP experiencing a notable surge in value.
One of the primary drivers of this optimism is the potential enactment of the CLARITY Act, a bill aimed at providing regulatory clarity for digital assets. Ripple CEO Brad Garlinghouse has expressed strong conviction that the bill will be passed into law before the end of April, with a 90% probability.
However, despite this optimism, significant hurdles remain in the regulatory process. The ongoing debate over how US regulators define crypto assets and which agencies should oversee them continues to fuel uncertainty.
The SEC's decision on the T. Rowe Price Active Crypto ETF will be a crucial milestone in determining XRP's inclusion. If approved, the fund could potentially expose XRP to a wider pool of investors and boost its market legitimacy.