Original｜Odaily Planet Daily (@OdailyChina)
On Thursday local time in the United States, the U.S. House of Representatives passed three cryptocurrency-related legislations: CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act. Among them, the CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for review, while the GENIUS Act is expected to be signed into law by Trump on Friday local time.
Affected by the policy news, cryptocurrencies related to the three major bills have begun to surge. According to OKX market data, the price of XRP increased by 18% in 24 hours, reaching $3.64, surpassing the previous high of January 7, 2018, at $3.4 and setting a new all-time high. Odaily Planet Daily will outline the multiple favorable factors behind XRP's surge in this article.
XRP's Surge Driven by Cryptocurrency Bills as Best Booster
The biggest driving factor behind XRP's new high is undoubtedly the recently passed three major cryptocurrency bills in the U.S., specifically, the benefits are mainly reflected in the following three aspects:
CLARITY Act: Clarifying Regulatory Boundaries, XRP May Be Classified as a Commodity Rather Than a Security
The CLARITY Act, known in Chinese as the "2025 Digital Asset Market Clarity Act," focuses on clarifying the classification of digital assets and regulatory jurisdiction, clearly defining the power boundaries of the U.S. SEC (Securities and Exchange Commission) and the U.S. CFTC (Commodity Futures Trading Commission); further lowering compliance thresholds for crypto projects; and using the "bright line test" to determine whether crypto assets are commodities, thereby clarifying regulatory rules.
After the passage of this act, XRP is expected to be classified as a commodity regulated by the U.S. CFTC, rather than a security under the jurisdiction of the U.S. SEC, significantly lowering its trading threshold and market regulatory intensity.
GENIUS Act: Directly Promoting the Development of RLUSD Under XRP
As a cryptocurrency project focused on cross-border payment solutions, RLUSD under XRP will also benefit from the introduction of the GENIUS Act, with clearer compliance pathways for subsequent issuance and operation.
It is worth noting that stablecoin issuance is currently regarded as a "printing machine" and "cash cow business" by both insiders and outsiders in the cryptocurrency space. The introduction of the GENIUS Act will also provide support for the growth of XRP's trading volume and RLUSD's issuance volume. Previously, Japanese financial institution SBI had announced that "users can exchange APLUS credit card points for tokens such as XRP, BTC, ETH," highlighting XRP's influence in the payment sector.
Anti-CBDC Surveillance State Act: Denying Central Bank Digital Currency (CBDC), Favoring Decentralized Cryptocurrencies
The "Anti-CBDC Surveillance State Act" explicitly prohibits the Federal Reserve from researching, testing, developing, or implementing retail central bank digital currencies (CBDCs) to protect financial privacy and civil liberties. This was also one of Trump's main political promises before he took office. Now that the bill has passed a phase, it will further consolidate and maintain the decentralized status of cryptocurrencies, including XRP, and the privacy of cryptocurrency assets.
At the same time, with the complete denial of central bank digital currencies, XRP, as a mature payment network and corresponding token, is expected to see an increase in usage and market attention.
XRP ETF Applications, Cryptocurrency Reserve Regulars, and Ripple Co-Founder Dumping
It is worth mentioning that XRP's current surge is also attributed to its previous status as a major project for ETF applications and a regular in cryptocurrency reserves; on the other hand, after XRP's price surge, Ripple co-founder Chris Larsen has not held back, directly starting his consistent "dumping operation."
XRP as a Priority Option for ETF Applications and Cryptocurrency Reserves
As a cryptocurrency project that has lasted for 11 years, XRP's historical status is undoubtedly well recognized, making it a priority choice for ETF applications and cryptocurrency reserves:
Trump's Truth Social Crypto Blue Chip ETF "basket" plan: Senior ETF analyst Eric Balchunas from Bloomberg previously stated that according to the S-1 form disclosure, the spot cryptocurrency "basket" of the Truth Social Crypto Blue Chip ETF includes BTC, ETH, Solana, XRP, and Cronos;
ProShares launched two new cryptocurrency ETF products based on futures this week—ProShares Ultra Solana ETF and ProShares Ultra XRP ETF, which have begun trading on the New York Stock Exchange, although they do not directly invest in XRP and Solana cryptocurrencies.
In terms of cryptocurrency reserves, the U.S. publicly listed company Thumzup Media Corporation (NASDAQ code: TZUP) previously announced that its board has authorized the company to hold up to $250 million in cryptocurrency assets, covering multiple mainstream coins including XRP; Amber Group's listed subsidiary Amber International previously announced that it completed a $25.5 million private placement, which will be used to support its $100 million cryptocurrency reserve strategy launched in May, with XRP included in the reserve assets.
Ripple Team's "Good Tradition" Reappears: Co-Founder Dumping
It is understood that as XRP approaches its historical high, Ripple co-founder Chris Larsen has transferred $26 million worth of XRP to Coinbase.
It is worth noting that this is not his first "dumping" operation; in January of this year, he transferred 10 million XRP to Coinbase, which was worth over $24.2 million at the time.
Additionally, on Tuesday, over $6.5 million worth of XRP was transferred in four transactions; on Thursday, XRP worth over $40 million was transferred to an unknown address. Despite the favorable conditions and the price reaching an all-time high, the Ripple team's selling operations continue, which is understandable, as selling for survival has always been Ripple's "business model" and way of survival.
Conclusion: XRP May Become the "Third Winner" After BTC and ETH
Following the BTC spot ETF and ETH spot ETF, market speculation about the third cryptocurrency spot ETF has remained at the level of "SOL or XRP." Now, with XRP's price reaching an all-time high and a series of favorable policy stimuli, the XRP spot ETF may move from the paper stage to actual advancement, and XRP's price ceiling may further widen.
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