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Three Altcoins Shining with the Clarity Act: Why Are They Advantageous?

The Crypto Market Structure Act, or Clarity Act, passed the US Senate Banking Committee on Thursday. This vote marks a historic turning point for the crypto market: the bill is now moving to the Senate floor, redrawing the risk profiles for altcoin holders.

With this development, three tokens stand out as directly benefiting from the bill's retroactive provisions, decentralization criteria, and DeFi protections. XRP, Solana, and Hyperliquid are noteworthy for their compliance with the mechanisms prioritized by the bill.

Is XRP Emerging from SEC Uncertainty?

XRP is closest to the retroactive provisions in the bill. This provision allows for the rapid recognition of commodity status for tokens with approved or pending ETFs, circumventing the full-fledged 'mature blockchain' test.

In the past, XRP's secondary market sales were subject to strict oversight by the US Securities and Exchange Commission (SEC). This law completely eliminates this risk for tokens that meet the commodity definition.
This is precisely why XRP is trading at around $1.51, up approximately 7% in the last 24 hours.

The Clarity Act negotiations have taken another major step. Senator Warner confirmed progress after Republicans accepted fundamental changes. In other words, the regulatory framework is becoming clearer… This is what XRP has long awaited. The infrastructure is being rapidly established.

Is Solana a Safe Haven for DeFi?

Solana is considered a fully mature blockchain with the decentralization criteria included in the bill. Furthermore, thanks to the safe haven regulations introduced for DeFi, the requirement for brokerage registration is eliminated for developers, validators, and liquidity providers who do not offer custody services.

The Solana network has the largest DeFi ecosystem outside of Ethereum. Looking at transaction volume, it is concentrated on perpetuals, staking products, and tokenized assets from the real world.

The institutional transformation through SOL ETFs and the regulatory clarity regarding staking returns provide the ground the overall market has long sought.

However, unlike XRP, Solana's price has only increased by 1.68% in the last 24 hours, reaching $92.70.

Hyperliquid Responds Quickly to the CLARITY Act!

Hyperliquid (HYPE) operates as a fully on-chain perpetuals cryptocurrency exchange on its own Layer 1. This architecture directly complies with the DeFi safe haven provisions in the bill.

Thanks to the regulations, the requirement for intermediary and dealer registration for protocols that do not offer custody services is removed, while anti-fraud regulations remain unchanged.

HYPE has seen a significant 12% increase in the last 24 hours and is currently trading at $43.86.
HYPE is one of the rare projects without a history of problems with the SEC and has a strong product-market fit in one of the highest-volume segments of crypto. The return of US capital to DeFi protocols further opens up growth potential for the token.

However, the bill needs to be reconciled with the House of Representatives and receive 60 votes in the Senate.

Senators have so far added over a hundred amendment proposals to the bill. Further changes to stablecoin yields or regulations related to DeFi could significantly impact the upside potential of these tokens.
‍$SOL $XRP $HYPE