XRP Co-Founder Supports US Clarity Bill Ahead of Senate Vote

XRP co-founder Chris Larsen urged swift passage of the Clarity Act ahead of a Senate vote, according to CoinGecko. He stated, "The Clarity Act will play an important role in establishing criteria for classifying cryptocurrency as either securities or commodities. This issue remains one of the largest unresolved challenges in crypto regulation. While some Democratic lawmakers have raised concerns about ethical provisions and other points of contention, a compromise that can be agreed upon must be found. A situation where no regulatory bill is enacted at all would be worse," he emphasized.