Bipartisan, presidential support for CLARITY Act boosts crypto legislation

Cynthia Lummis announced bipartisan and presidential backing for the CLARITY Act, calling it a key moment for crypto legislation. The Polymarket contract on XRP staying above $0.90 on April 23 sits at 99.9% YES.

The XRP price on April 23 market is practically locked at 99.9% YES, meaning traders treat it as a near-certainty that XRP holds above $0.90 today. The odds haven’t moved, holding at 100¢ yesterday and staying at the same level now.

Trading volume is modest: $2,395 in USDC exchanged over the last 24 hours. The order book is thin enough that $599 would shift the odds by 5 percentage points, meaning a single large trader could easily move the market.

The CLARITY Act’s progress matters for XRP because regulatory clarity around crypto asset classification directly affects how institutional buyers treat the token. At 99.9¢, a YES share pays $1 if XRP stays above $0.90. The payoff is minimal unless a surprise regulatory setback pushes XRP below that threshold before the contract resolves.

Watch for Senate Banking Committee action on the CLARITY Act, particularly any delay past the April 25 deadline, which could unsettle the market. Comments from Ripple CEO Brad Garlinghouse and SEC Chair Paul Atkins on the bill’s scope could also move XRP sentiment.

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