Clarity Act Update for XRP Holders: Congressman Drops Bombshell Statement Live On Fox TV

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The CLARITY Act has become one of the most closely watched pieces of legislation in Washington. Crypto enthusiast Vivek Sen (Vivek4real_) brought renewed attention to it after sharing a clip of Representative Bryan Steil’s Fox Business appearance with Maria Bartiromo on July 17. He paired it with a declaration that “trillions are about to flow into Bitcoin and crypto.”

The CLARITY Act One Year Later

Steil’s interview comes one year after the House passed the bill. He told Bartiromo he is “optimistic that we get this across the line next week in the United States Senate.” His comments focused on the urgency of the moment. He stated, “It’s absolutely essential that the United States sets the gold standard for regulations in the digital assets space.”

He argued that the House has done its job and the Senate must now act to “unlock so much capital, human capital and financial capital” into American markets.

Where the Bill Stands

The CLARITY Act passed the House on July 17, 2025, by a vote of 294 to 134. One year later, it has yet to clear the Senate. The bill cleared the Senate Banking Committee with 15 to 9 on May 14, 2026. It has sat on the Senate Legislative Calendar since June 1 with no floor vote scheduled.

The Senate missed a July 4 signing target. The bill still needs a full Senate floor vote, where it must clear 60 votes to pass. Republicans hold 53 Senate seats, but at least two are expected to vote no.

What Is Holding It Back

The primary sticking point is political. Democrats are pushing to add a provision addressing President Trump’s crypto business ties after his financial disclosures revealed $1.4 billion in crypto earnings since returning to the White House. Senate Democrats want to bar Trump, his family, and members of the executive branch from holding and engaging with cryptocurrencies.

The bill’s fate now depends on whether this and other rifts get resolved before the Senate’s August recess on August 7.

Will the CLARITY Act Help the Crypto Market?

The CLARITY Act would explicitly classify multiple major cryptocurrencies as commodities rather than securities. For XRP, which already has regulatory clarity and has been classified as a commodity, that status will become permanent law that a future administration could not simply reverse.

Some analysts have described the bill as the most significant pending catalyst for XRP specifically, as it would remove residual legal uncertainty and open the door for broader institutional participation. The same applies to the broader market, and Vivek Sen anticipates a major influx of capital once the bill passes.

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