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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

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

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

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His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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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

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