Pundit Says XRP Doesn’t Need CLARITY Act to Survive. Here’s What Banks are Doing

Something is shifting within the largest financial institutions in the U.S. JPMorgan, Bank of America, and Wells Fargo are all planning tokenized deposit systems. The Clearing House is launching a blockchain settlement network next year, built for 24/7 operations and instant tokenized payments.

This is not speculation. Congressman French Hill publicly confirmed it while speaking on the CLARITY Act. He stated that banks “will be extremely competitive” in this industry, citing deposit tokenization as the technology that lets them operate without relying on dollar-backed stablecoins. The banks are not fighting crypto. They are building their own version of it.

The Opportunity Institutions Have Waited For

Crypto commentator X Finance Bull responded directly to Hill’s remarks with a post outlining what this means for XRP. The post argues that XRP does not need the CLARITY Act to function. The legislation matters because it gives banks the regulatory clarity to deploy publicly at scale.

The post points to concrete activity already on the XRP Ledger. Mastercard has settled on it. JPMorgan settled tokenized Treasuries through it. DTCC confirmed Ripple Prime. There are $4 billion in tokenized assets deployed and $1.7 billion in RLUSD circulating across 40+ chains.

The infrastructure exists, and the activity is real. What has been missing is a legal structure that allows institutions to operate openly.

What the CLARITY Act Establishes

The CLARITY Act sets registration standards, custody rules, and clear jurisdictional boundaries between the SEC and CFTC. It gives financial institutions a defined path to deploy digital asset infrastructure without regulatory ambiguity hanging over every decision.

Banks are still lobbying for adjustments to the bill’s final text. However, that is not opposition. They want the language structured to maximize their competitive position once they publicly enter the market.

The bill passed the House in July 2025. The Senate Banking Committee then advanced it with a 15-9 vote on May 14, 2026. Then on June 1, it was placed on the Senate Calendar, meaning it is officially scheduled and eligible for a full Senate floor vote. The White House has set July 4 as its target for a presidential signature.

Capital Waiting on Regulatory Access

X Finance Bull’s post draws a direct line between the bill’s passage and institutional capital deployment. Trillions in banking capital are positioned to move into digital asset infrastructure once the legal framework is in place. XRP Ledger is already built and tested for that volume. He believes that those who understand this can see that XRP’s recent decline is temporary.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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