The approval of the CLARITY Act in the U.S. House of Representatives has generated optimism regarding the Ripple token. The bill seeks to establish clear regulations for digital assets, a measure that could provide much-needed guidance for the cryptocurrency market.
The CLARITY Act, along with two other related cryptocurrency bills, suggests that the regulatory environment for digital assets is becoming more structured.
Driven by optimism, the market capitalization of XRP has increased by more than 12% in the last 24 hours, surpassing $200 billion. Clearer regulations are considered positive for Ripple, which has faced ongoing legal challenges in the U.S.
