Ripple, Strategy Say CLARITY Act Defeat Does Not Change XRP, Bitcoin Status
Ripple and Strategy said the Senate’s 49-50 defeat of the CLARITY Act did not alter XRP or Bitcoin’s legal standing. According to BeInCrypto, Ripple chief legal officer Stuart Alderoty cited a 2023 federal ruling that XRP exchange sales were not securities and March SEC-CFTC guidance naming XRP a digital commodity. Strategy, formerly MicroStrategy, said Bitcoin has had U.S. legal and regulatory clarity for years and noted its 845,050 BTC stack was still about 1% above cost after the vote.