The CLARITY Act, a bill aimed at restructuring the cryptocurrency market, was passed by the Senate Banking Committee on Thursday. This passage brings the cryptocurrency bill closer to a formal vote in the Senate and simultaneously shifts the risk appetite for altcoin investors.
Three prominent Token stand out as projects that directly benefit from meeting the "reserved" provisions, decentralization criteria, and DeFi protection policies in the bill. XRP, Solana, and Hyperliquid all align with the approach the law supports.
XRP finds a way out of the SEC's "grey area"
XRP – the native currency of the Ripple network – is the name that most closely fits the "reserved" clause of the bill. This clause allows Token with approved or pending ETF products to be recognized as commodities, while bypassing the step of evaluating whether the blockchain is fully developed.
Previously, XRP transactions on the secondary market were subject to SEC scrutiny. The new bill will end this issue for Token that meet the new commodity concept.
XRP price chart. Source: BeInCryptoThis is why the XRP Token has surged nearly 7% in the last 24 hours, currently trading at $1.51 at the time of writing.
“Discussion on the CLARITY Act has just taken a big step forward. Senator Warner confirmed progress after Republicans agreed to some key changes. In other words: the legal framework is gradually reaching consensus… and that’s exactly what XRP has been waiting for. The ‘rails’ are starting to form,” one user commented .
Solana Vai a prime example of policy protecting DeFi.
Solana (SOL) meets the decentralization criteria to be XEM a mature blockchain under the new legislation. This Token also clearly benefits from DeFi protection provisions, which allow non-custodial developers, validators, and LP to avoid registering as intermediaries.
Solana operates the largest DeFi ecosystem outside of Ethereum in terms of volume. Perpetuals, Staking, and Tokenize real-world assets are heavily concentrated right on its home turf.
The influx of funds from SOL 's ETFs , as well as the Staking yields, is providing a regulatory framework that the market as a whole previously lacked.
However, unlike XRP, Solana price only increased slightly by 1.68% and is currently at $92.70 at the time of writing .
Hyperliquid immediately responded to the CLARITY Act.
Hyperliquid (HYPE) is building a perpetual exchange that operates entirely on-chain on its own Layer 1 blockchain. This model is well-suited to the DeFi specific policies mentioned in the bill.
These policies help protect non-custodial protocols from the requirement to register as intermediaries or agents, while maintaining anti-fraud regulations.
HYPE is trading at $43.86 at the time of writing, up 12% in the last 24 hours.
Hyperliquid (HYPE) price chart. Source: BeInCryptoIn addition, BitGo's custody service has expanded access opportunities for institutions .
HYPE currently has no legal issues with the SEC and aligns with market demand in one of the highest- volume crypto sectors. The Token has strong growth potential as Capital flows in the US return to DeFi solutions.
However, the bill still needs to be adjusted to align with the House version and must also secure at least 60 votes in the Senate.
Senators have even proposed over 100 amendments . Changes related to stablecoin yields or the approach to DeFi could make a huge difference to the outlook for each Token.
