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Breaking News: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet
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Breaking News: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet

No CLARITY Act Needed? XRP Could Be Ready For Its Next Big Surge

Christian Encila
Christian Encila
Last Updated: May 5, 2026 6:00 am
2 mins read
XRP

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Bitcoin Conference 2026 attendees weren’t just talking about Bitcoin. Ripple had a visible presence at the event, and XRP was drawing attention from investors who had previously kept their distance from the token.

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A Shift In Sentiment

Jake Claver, chairman of Digital Ascension Group, said he saw a clear change in attitude toward XRP at the conference.

Longtime Bitcoin holders, who once had little interest in XRP, were starting to look at the token and move money into its ecosystem.

Claver made the remarks during an appearance on the Good Evening Crypto podcast, hosted by Abdullah “Abs” Nassif.

His broader argument: XRP doesn’t need Congress to act for its price to move. The legal and regulatory groundwork, he said, is already in place.

That view runs counter to what some market watchers have been saying. A popular narrative in crypto circles holds that passage of the CLARITY Act — a proposed piece of legislation aimed at defining rules for digital assets — would be the key trigger for XRP’s next major price move. Claver doesn’t buy it.

Agencies Already Moving

According to Claver, the SEC and CFTC have been doing the work without waiting for new laws. Both agencies have issued guidelines that classify XRP as a digital commodity, he said, and recent developments tied to the GENIUS Act have pushed US crypto regulation further along than many people realize. What the market needs now, in his view, is execution — not more legislation.

BTCUSD now trading at $78,906. Chart: TradingView

The legal cloud that once hung over XRP has already lifted. The SEC’s lawsuit against Ripple, which dragged on for years and created significant uncertainty for investors, has been resolved.

Claver said that resolution has brought a new wave of interest to the token, with more capital flowing in as confidence grows.

XRP is currently trading at $1.40, up about 1.55% on the day and roughly 7% over the past month. Over the past year, though, the token is down 32%.

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Institutions Take Notice

Ripple’s president has described 2026 as a year of institutional adoption at scale, and Claver echoed that framing. He pointed to public statements from executives at Nasdaq and the New York Stock Exchange, who have spoken openly about tokenization and the role blockchain technology could play in traditional financial markets.

Reports indicate that XRP and the XRP Ledger are being positioned as infrastructure for payments and settlement — areas where institutional players are actively looking for solutions.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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