Senator Cynthia Lummis went live on Fox Business to deliver a message XRP holders have been waiting to hear. Crypto proponent Amelie (@_Crypto_Barbie) shared a video where the Senator said, “We are ready.” She added, “We will be introducing it in the next few days.”
The CLARITY Act has had a difficult path through the Senate. The Senate Banking Committee voted 15-9 in May 2026 to advance it to the floor, with two Democrats joining all 13 Republicans. It has sat on the legislative calendar since, with unresolved disputes blocking the 60 votes needed to pass. Lummis says ten months of daily work have resolved that.
🇺🇸 HUUUUGE NEWS: SENATOR CYNTHIA LUMMIS SAYS: „WE ARE READY!
WE INTRODUCING IN THE NEXT FEW DAYS […] TO GET THIS BILL ACROSS THE FINISH LINE!“ 🏁
CLARITY IS COMING! 🚀 pic.twitter.com/f3EMfGwoLt
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 14, 2026
What the CLARITY Act Does
The bill creates a federal regulatory framework for digital assets. It clarifies the division of authority between the SEC and the CFTC, codifies conduct and disclosure obligations for intermediaries, and integrates anti-fraud and anti-money-laundering requirements into the digital asset ecosystem.
Consumer protections and law enforcement cooperation were two areas that complicated earlier versions. Lummis confirmed both are now addressed. “We want to meet the needs of law enforcement with regard to preventing illicit finance and provide consumer protections,” she said. “We think we’ve accomplished that goal with this bill.”
The August Deadline Is Real
The Senate is in session for four straight weeks. Lummis wants the bill on the floor before the August recess begins. She cited the need to signal stability to businesses weighing whether to stay onshore in the U.S. Analysts have consistently identified this window as the last realistic gate for passage in 2026.
When asked whether a floor vote could happen the week of July 20, Lummis said she expects that timeline. She noted the final scheduling decision rests with Senate Majority Leader John Thune. She added that he is “well aware of the importance this bill provides for market stability for digital assets.”
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Why XRP Has the Most to Gain
XRP’s relationship with this bill is unlike that of most other assets. The SEC and CFTC jointly classified XRP as a digital commodity in March, alongside Bitcoin, Ether, and Solana. That classification is an interpretive release, not a law. A future administration could reverse it with a memo.
The CLARITY Act would permanently lock XRP’s commodity status into federal statute. For institutions using Ripple’s payment infrastructure, firm legal classification gives them the cover to settle XRP directly rather than routing around. It removes the single largest barrier to institutional participation.
Lummis has spent ten months building this bill to its current condition. All concerns have now been addressed. “It’s been arduous,” she said, “but we’re ready for prime time.”
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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