How the Stalled CLARITY Act Is Affecting XRP’s Future

XRP is poised on the brink of being accepted as a more legitimate financial asset in multiple jurisdictions, but the stalled US CLARITY Act is impeding that acceptance. Without clear regulation, XRP and other cryptocurrencies languish in an area of investor uncertainty. For many institutional investors, one of the biggest red flags for investing in or adopting cryptocurrency has been the regulatory scrutiny that surrounds them. While some individuals and companies are happy to risk investing in them, many others are playing the waiting game to see how valuable they will be once there are clear regulatory structures around them. One piece of legislation that is due to rectify this uncertainty in the United States is the Digital Asset Market Clarity Act, shortened to the CLARITY Act, in many cases.