# 120 Crypto Firms Urge Senate to Pass CLARITY Act for XRP

**Published:** 2026-06-11T21:36:42.359Z  
**Topic:** It's So Over For Crypto  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/a1eef4f5-deb8-40f1-a40e-ca4450e84342

Over 120 crypto companies have lobbied the U.S. Senate to approve the CLARITY Act, a bill that could give XRP permanent commodity status and unlock

XRP’s future hinges on a single piece of legislation. More than 120 cryptocurrency firms have written to the Senate urging passage of the CLARITY Act, which would cement XRP’s classification as a commodity and clear a major regulatory hurdle for institutional investors [1].

**Key takeaways**
- The CLARITY Act cleared the Senate Banking Committee on May 14 with a 15‑9 vote and now awaits a full Senate vote [2].
- The bill would lock XRP’s commodity status into federal law, removing regulatory uncertainty that has kept many pension funds and asset managers on the sidelines [2].
- AI price forecasts for XRP after a July 4 passage of the CLARITY Act range from $1.35 to $2.80, reflecting differing assumptions about Bitcoin’s role and institutional inflows [2].
- Current XRP spot ETFs have attracted $1.41 billion in inflows, but roughly 84 % of that volume is still from retail investors, not the institutions the act would enable [1].
- Analysts argue that even with the act, XRP would need to regain its $3.65 cycle high and break $10 before a $200 price target becomes realistic, a scenario unlikely before 2030 [1].

## Legislative push and regulatory backdrop  
The CLARITY Act, described as the most important crypto bill in U.S. history, aims to resolve the long‑standing jurisdictional clash between the SEC and CFTC by sorting digital assets into three categories: securities, commodities, and stablecoins. For XRP, the bill would cement its status as a “permanent commodity,” a classification that currently rests on a joint SEC‑CFTC interpretation after Ripple’s settlement with the SEC in August 2025 [2]. The act passed the Senate Banking Committee on May 14 with a bipartisan 15‑9 vote, but it still requires a 60‑vote majority on the Senate floor and a subsequent House vote, with the White House targeting a July 4 deadline for final passage [2].

## Market expectations and institutional impact  
The regulatory certainty promised by the CLARITY Act is expected to unlock institutional capital that has been hesitant to enter the XRP market. Current spot ETF inflows total $1.41 billion, yet Bloomberg Intelligence estimates that about 84 % of those funds are still from retail investors, leaving a large institutional gap [1]. AI models surveyed by 24/7 Wall St. all agree that the act will be decisive for XRP’s price trajectory, though they differ on the magnitude of the move. ChatGPT forecasts a range of $1.80‑$2.30, Claude sees $1.35‑$1.65 as most likely, Grok projects $2.50‑$2.80 contingent on Bitcoin staying above $80,000, and Gemini predicts $1.80‑$2.50 with a year‑end target of $3.15 [2]. All models highlight the $1.45 level as a critical threshold, tied to a large supply wall where roughly 60 % of circulating XRP sits at that cost basis.

## Why it matters  
If the CLARITY Act becomes law before the July 4 deadline, XRP would gain a clear regulatory framework, potentially attracting the pension‑fund and asset‑manager capital that could drive its price higher. However, analysts caution that even with institutional inflows, XRP must first recover its July 2025 high of $3.65 and eventually breach $10 before a $200 valuation—an outcome projected no earlier than 2030 due to the massive market‑cap expansion required [1]. The immediate focus, therefore, is on whether the act passes and how quickly institutional money follows, with the $1.45 supply wall serving as a key price level to watch.

## Sources
1. 24/7 Wall St. — [Can XRP Hit $200? What Has To Change In Crypto For It To Happen](https://247wallst.com/investing/2026/05/26/can-xrp-hit-200-what-has-to-change-in-crypto-for-it-to-happen/)
2. 24/7 Wall St. — [We Asked ChatGPT, Claude, Grok, and Gemini About XRP’s Price by July 4](https://247wallst.com/investing/2026/06/01/we-asked-chatgpt-claude-grok-and-gemini-about-xrps-price-by-july-4/)

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Cite as: TrendWatcher, "120 Crypto Firms Urge Senate to Pass CLARITY Act for XRP", https://www.trendwatcher.in/article/a1eef4f5-deb8-40f1-a40e-ca4450e84342