Momentum is building in the U.S. Senate as the CLARITY Act moves toward a final vote. Lawmakers are now working through the amendments before full floor consideration.
Crypto Crusaders founder Levi Rietveld shared a clip from a Bloomberg interview where Senator Cynthia Lummis explained where the bill stands.
Lummis confirmed that negotiations have reached a key point and that support is now in place to move forward. She said lawmakers “have worked long and hard to bring Democrats to the place where they can vote for cloture,” and added, “I think we’re there.” The Senate will now review final amendments before the bill proceeds to a full vote.
A major reason the legislation advanced came from an agreement on stablecoin regulation. This disagreement caused Coinbase to initially withdraw its support, shocking many in the crypto space. However, as Lumis suggested, lawmakers reached a compromise that created clear federal oversight while allowing the industry to continue operating.
This extends to the broader crypto industry, as many had to compromise on key issues for the bill to pass. In its current form, the bill requires stablecoin issuers to back tokens with liquid assets. It establishes federal regulatory oversight and enforces enhanced compliance requirements. It also prohibits stablecoin issuers from paying interest or dividends to holders.
Rietveld shared the interview because many in the XRP community are watching this legislation closely. XRP already has legal clarity in the U.S. due to the legal dispute with the SEC, which ended in 2025. Broader crypto legislation could have a direct effect on institutional adoption.
The CLARITY Act is expected to define how digital assets are classified and which regulators oversee them. Clear definitions would enable banks, financial institutions, and investment firms to operate with clear rules. That environment supports institutional participation and new financial products involving digital assets.
Ripple CEO Brad Garlinghouse recently said the legislation could pass in May, but Lumis’s comments suggest the vote could happen as soon as next week. If the bill passes, the U.S. would have a defined regulatory structure for digital assets.
Regulatory clarity, institutional access, and defined market structure are all factors that support long-term price growth. The CLARITY Act could improve all three for XRP, potentially pushing its price up.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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