Foreign media comment that the proposed U.S. CLARITY Act could become a turning point in the regulatory status of XRP, ADA, HBAR, and XLM. The article’s central assessment is that once the relevant provisions are enacted as federal law, the long-term compliance pressures on these tokens will significantly decrease, and their regulatory oversight may further shift to the U.S. Commodity Futures Trading Commission (CFTC).
The legislative level is higher than regulatory guidelines.
The article argues that the key difference between this bill and regulatory guidance lies in its higher legal authority. If relevant tokens are incorporated into the federal legal framework, future changes in SEC leadership would find it difficult to reclassify them based solely on administrative stance.
According to the article, if the bill moves forward, regulatory oversight of the networks for XRP, ADA, HBAR, and XLM may shift more toward the CFTC rather than remaining under the SEC’s primary authority. This is one of the reasons the article refers to it as a "permanent change."
XRP and ADA are featured as highlights.
The article lists XRP and ADA as the most watched assets. XRP has long been under the shadow of Ripple’s litigation with the SEC; although U.S. courts have previously ruled that secondary market sales of XRP do not constitute securities offerings, commentators note that judicial rulings may still be contested in future cases, while federal legislation offers greater stability.
ADA’s situation is tied to litigation involving cryptocurrency exchanges. The article notes that the SEC named ADA in its 2023 case against Coinbase, causing exchanges, institutions, and fund managers to exercise caution regarding the asset. Comments suggest that if the bill is enacted, such concerns may diminish.
Institutional adoption of HBAR is expected to heat up.
According to the article, HBAR’s appeal lies in institutional participation. The Hedera Governing Council includes major corporations such as Google, IBM, FedEx, and McLaren. Analysts suggest that if regulatory clarity improves, corporate pilot projects on the Hedera network may more easily transition from testing to live operations.
For XLM, the original text provides limited detail, but it is listed alongside XRP, ADA, and HBAR as tokens that could gain clearer legal status. The overall argument of the article is that if these networks, which have long been subject to regulatory uncertainty, receive clear legislation, it may ease the institutional funding观望 stance.
The status of the bill is still pending observation.
The article notes that the U.S. Senate Banking Committee has advanced the relevant legislation, and the market is closely watching the upcoming legislative timeline. Comments regard July 4 as a noteworthy milestone.
Additional information: This article is an opinion-based analysis from a foreign media source, primarily extrapolating scenarios that would arise if the bill were signed into law, rather than confirming any finalized regulatory outcome.