Major CLARITY Act Update: Pundit Tells XRP and XLM Holders to Watch This Closely

State bankers’ association conferences across the country have quietly become a venue for something bigger than banking policy.

Coordinated outreach to Senate lawmakers on stablecoin yield is now a key focus at these gatherings, according to a banking source cited by journalist Eleanor Terrett.

Crypto commentator X Finance Bull picked up on Terrett’s report, telling XRP and XLM holders to watch it closely. He said the Senate’s conversation has shifted, noting that stablecoin yield is no longer the bone of contention.

What Terrett’s Report Says

Terrett cites a source familiar with state bankers’ association conferences. That source told her coordinated engagement with Senate lawmakers on stablecoin yield has become a key focus at these events. The outreach aligns with a broader shift on Capitol Hill.

Lawmakers have moved away from yield as the top issue. They’re now working through an ethics deal, reconciling differences between the Banking and Agriculture Committee texts, and settling the bill’s approach to decentralized finance. X Finance Bull called the behind-the-scenes movement progress.

That doesn’t mean yield is dead. Terrett’s source said it remains “very much in play,” especially as senators outside the Banking and Agriculture Committees get up to speed on the legislation. Whether yield resurfaces as a defining issue once the bill reaches the Senate floor is still an open question, per the report.

CLARITY Act’s Progress So Far

The bill has moved steadily this year. The Senate Banking Committee advanced the CLARITY Act 15-9 on May 14, with all 13 Republicans and 2 Democrats voting yes. That cleared a markup that had previously stalled in January.

A separate version cleared the Senate Agriculture Committee earlier in the year, since the CFTC’s jurisdiction falls under that committee. The two Senate texts still need to be merged into one bill. In early June, the CLARITY Act was placed on the Senate Legislative Calendar, in position for a floor vote whenever leadership schedules one.

What This Means for XRP

For XRP and XLM holders, the connection is straightforward. The CLARITY Act would establish clear federal rules on how digital assets are classified and regulated, splitting oversight between the SEC and CFTC. A clearer framework removes regulatory uncertainty that has weighed on digital assets for years.

X Finance Bull’s post reflects that interest. XRP has secured regulatory clarity, and this clarity could extend to XLM and the broader market if the bill passes. He’s watching the bill’s procedural progress, not just its headlines, as a signal for where regulatory clarity stands.

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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