![\"XRP](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/image-3.png\")
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- XRP surged to intraday highs near $1.55 on renewed optimism.<\/span><\/li>\n
- Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.<\/span><\/li>\n
- XRP price could target a breakout as the market cheers the regulatory milestone.<\/span><\/li>\n<\/ul>\n
XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee\u2019s passage of the Digital Asset Market Clarity Act.<\/p>\n
Other crypto assets also notched gains, with Hyperlquid, Flare, and XDC Network leading the top 100 coins by market cap.<\/p>\n
Bitcoin also reclaimed the $80,000 level, with intraday highs coming as major altcoins held key levels.<\/p>\n
CLARITY Act approval buoys crypto<\/h2>\n
The US Senate Banking Committee approved the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, marking a significant step toward comprehensive crypto market structure legislation.<\/p>\n
The measure will now move to a procedural merger with a similar bill in the Senate Agriculture Committee, advancing the legislative pathway for federal regulation of digital assets.<\/p>\n
Senate Banking Committee Chairman Tim Scott engineered a last-minute maneuver to accept amendments he had previously rejected, winning over two Democratic senators after several hours of partisan debate.<\/p>\n
While the legislation addresses a range of market structure issues, lawmakers and stakeholders acknowledged outstanding questions.<\/p>\n
These include provisions related to law enforcement access and ethics safeguards.<\/p>\n
Market participants nonetheless received the vote as a positive signal, interpreting it as the first major bipartisan movement on crypto market structure in months and a reduction of regulatory uncertainty ahead of a full Senate consideration.<\/p>\n
Why could XRP price explode?<\/h2>\n
Ripple\u2019s token XRP has struggled to climb above $1.50 in recent weeks, but tested the level late Thursday with an intraday surge to near $1.55.<\/p>\n
While this aligned with broader market gains, the uptick largely reflected exuberance from the \u201cXRP Army\u201d, which views the regulatory tailwind as a major boost to the cryptocurrency.<\/p>\n
The cryptocurrency traded around $1.47 early Friday.<\/p>\n
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\ud83d\udea8 JUST IN: The CLARITY Act has officially cleared the U.S. Senate Banking Committee, pushing ripple:native one step deeper into the U.S. federal regulatory process. \ud83c\uddfa\ud83c\uddf8<\/p>\n
For ripple:native, what happens next:<\/p>\n
1. The CLARITY Act now moves beyond the Senate Banking Committee and\u2026 pic.twitter.com\/r8HgVcSCBs<\/a><\/p>\n
- Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.<\/span><\/li>\n