The U.S. Senate scheduled a closed-door meeting on February 10 to advance the Clarity Act, a bill intended to create unified rules for cryptocurrencies after weeks of selling pressure on XRP. The token has failed to clear $1.50 while Bitcoin slid below $70,000, increasing stress across major altcoins.
Scott Bessent has urged rapid passage this spring, saying clear market structure is essential for U.S. leadership in crypto. He emphasized urgency in public remarks, as shown in a tweet, including the line “Scott Bessent just said the U.S. can’t move forward without market structure. And the Clarity Act needs to get across the finish line this spring. Not later. Not someday. Now.”
Supporters say the bill would supply the market with consistent regulation and reduce legal uncertainty. That clarity could improve sentiment for assets like XRP, which suffered after the U.S. SEC previously labeled it a security.
A senior voice at Coinbase reportedly expects the bill to pass soon, saying clear rules change everything, as posted. “REGULATORY BREAKTHROUGH AHEAD… A senior voice from Coinbase just confirmed that the CLARITY Act is expected to pass very soon. Clear rules change everything.”
