Clarity Act reintroduced in Senate, could impact XRP institutional interest

The Clarity Act has been reintroduced in the U.S. Senate, and on Polymarket the contract for XRP reaching $2.60 in April sits at 0.9% YES.

The Act would resolve jurisdictional disputes between the SEC and CFTC over digital assets, which could unlock institutional capital for tokens like XRP. The sub-market for XRP reaching $2.60 in April is unchanged from the previous week’s 1% YES, and a $389 order is enough to shift prices by 5 percentage points. Check the market here.

The XRP market has a daily face value of $10,175 and actual USDC trades at $83, making it extremely thin. The largest price move in the past 24 hours was negligible. At this level of activity, even minor trades can move the price, and any substantial regulatory news could cause outsized shifts.

The Clarity Act’s path through the Senate matters here because regulatory resolution could draw institutional buyers to XRP. Current odds suggest traders are skeptical of any immediate effect. Buying YES at 0.9¢ pays 111x if XRP hits $2.60 by the end of April, a price that reflects how unlikely traders consider this outcome.

Watch for Senate Banking Committee action and public comments from Ripple CEO Brad Garlinghouse. In a market this thin, any positive legislative signal could move odds quickly.

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