Three Major US Crypto Bills Ignite Market, XRP Surges 18% in a Single Day to Hit All-Time High

Original｜Odaily Planet Daily（@OdailyChina）

Author｜Wenser（@wenser 2010 ）

On Thursday local time in the U.S., the House of Representatives passed three cryptocurrency-related legislations: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. Among them, the CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for review, while the GENIUS Act is expected to be signed into law by Trump on Friday local time.

Influenced by the policy news, cryptocurrencies related to the three major crypto bills have started to surge. OKX market data shows that the price of XRP has increased by 18% in 24 hours to $3.64, surpassing the previous high of $3.4 on January 7, 2018, and setting a new historical high. Odaily Planet Daily will outline the multiple positive factors behind XRP's surge in this article.

Behind XRP's surge, crypto bills become the best booster

The biggest driving factor behind XRP's new high is undoubtedly the recently passed three major U.S. crypto bills. Specifically, the benefits are mainly reflected in the following three aspects:

CLARITY Act: Clarifying regulatory boundaries, XRP may be classified as a commodity rather than a security

The CLARITY Act, known in Chinese as the "2025 Digital Asset Market Clarity Act", focuses on clarifying the classification and regulatory jurisdiction of digital assets, defining the power boundaries between the U.S. SEC (Securities and Exchange Commission) and the U.S. CFTC (Commodity Futures Trading Commission); further lowering the compliance threshold for crypto projects; and determining whether a crypto asset is a commodity through a "bright-line test" to clarify regulatory rules.

After the passage of this bill, XRP is expected to be classified as a commodity regulated by the U.S. CFTC, rather than a security under the jurisdiction of the U.S. SEC, greatly reducing its trading threshold and market regulatory intensity.

GENIUS Act: Directly promoting the development of RLUSD under XRP

As a crypto project mainly focused on cross-border payment solutions, RLUSD under XRP will also benefit from the introduction of the GENIUS Act, with further clarity on the compliance path for subsequent issuance and operation.

It is worth noting that as the hottest track in the cryptocurrency field, stablecoin issuance has always been regarded as a "money printing machine" and "cash cow business" by insiders and outsiders. The introduction of the GENIUS Act will also boost the trading volume of XRP and the issuance of RLUSD. Previously, Japanese financial institution SBI had announced that "users can exchange APLUS credit card points for tokens such as XRP, BTC, and ETH", demonstrating the influence of XRP in the payment track.

Central Bank Digital Currency (CBDC), benefiting decentralized cryptocurrencies

The "Anti-CBDC Surveillance State Act" explicitly prohibits the Federal Reserve from researching, testing, developing, or implementing retail central bank digital currencies (CBDCs) to protect financial privacy and civil liberties. This was also one of Trump's main political promises before taking office. Now that the bill has passed a stage, it will further consolidate and maintain the decentralized status of cryptocurrencies including XRP and the privacy of cryptocurrency assets.

At the same time, after the complete rejection of central bank digital currencies, XRP, as a mature payment network and corresponding token, is expected to see further increases in usage and market attention.

It is worth mentioning that XRP's current surge is also inseparable from its previous accumulation as a main project for ETF applications and a regular in cryptocurrency reserves; on the other hand, after the price of XRP surged, Chris Larsen, the co-founder of Ripple behind the team, did not hesitate to start his consistent "dumping operation".

posted that according to the disclosure information in the S-1 form, the spot cryptocurrency "basket" of the Truth Social Crypto Blue Chip ETF includes BTC, ETH, Solana, XRP, and Cronos;

ProShares launched two new cryptocurrency ETF products based on futures this week—ProShares Ultra Solana ETF and ProShares Ultra XRP ETF, which have already started trading on the New York Stock Exchange, although they do not directly invest in XRP and Solana cryptocurrencies.

In terms of cryptocurrency reserves, the U.S. listed company Thumzup Media Corporation (Nasdaq: TZUP) previously announced that its board has authorized the company to hold up to $250 million in cryptocurrency assets, covering multiple mainstream coins including XRP; Amber Group's listed subsidiary Amber International previously announced the completion of a $25.5 million private placement, which will be used to support its $100 million crypto reserve strategy launched in May, with XRP listed among the reserve assets.

transferred XRP worth $26 million to Coinbase.

It is worth mentioning that this is not his first "dumping". In January this year, he transferred 10 million XRP to Coinbase, which was worth more than $24.2 million at the time.

In addition, on Tuesday this week, more than $6.5 million worth of XRP was transferred in 4 batches; on Thursday, XRP with a total value of more than $40 million was also transferred to an unknown address. Despite the current positive news and the price hitting a historical high, the Ripple team's selling operations are still continuing. Of course, this is also understandable, because selling coins for survival is Ripple's "business model" and way of survival.

Conclusion: XRP may become the "third winner" after BTC and ETH

Following BTC spot ETF and ETH spot ETF, the market's speculation about the third crypto spot ETF has always been at the level of "choosing between SOL and XRP". Now, with XRP's price hitting a new historical high and a series of policy stimuli, the XRP spot ETF may move from the paper stage to the actual promotion stage, and the price ceiling of XRP may be further widened.