Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010)
On Thursday local time, the U.S. House of Representatives passed three cryptocurrency-related legislative bills: the CLARITY Act, the GENIUS Act, and the 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.
Influenced by the policy news, cryptocurrencies related to the three major crypto bills began to surge. According to OKX market data, XRP's price rose 18% in 24 hours to $3.64, surpassing its previous high of $3.4 on January 7, 2018, creating a new all-time high. Odaily Planet Daily will outline the multiple positive factors behind XRP's surge in this article.
Behind XRP's Surge, Crypto Bills Serve as the Best Catalyst
The biggest driving factors for XRP's new high are undoubtedly the recently passed U.S. three major crypto bills, specifically manifesting in the following 3 aspects:
CLARITY Act: Clarifying Regulatory Boundaries, XRP Likely Classified as Commodity Rather Than Security
The CLARITY Act, or the "Digital Asset Market Clarity Act of 2025", primarily focuses on clarifying digital asset classification and regulatory jurisdiction, clearly defining the power boundaries between the SEC and CFTC; further lowering compliance thresholds for crypto projects; and determining whether crypto assets are commodities through a "bright-line test".
After the bill's passage, XRP is likely to be classified as a commodity regulated by the CFTC, rather than a security under the SEC's jurisdiction, significantly lowering its trading barriers and regulatory intensity.
GENIUS Act: Directly Promoting RLUSD Development Under XRP
As a crypto project focusing on cross-border payment solutions, RLUSD under XRP will also benefit from the GENIUS Act, with further clarification of compliance pathways for subsequent issuance and operations.
As the hottest track in cryptocurrencies, stablecoin issuance has always been viewed as a "money printer" and "cash cow business". The Genius Act will provide momentum for XRP's trading volume and RLUSD issuance. Previously, Japanese financial institution SBI had announced that "users can exchange APLUS credit card points for tokens like XRP, BTC, ETH", demonstrating XRP's influence in the payment track.
Anti-CBDC Surveillance State Act: Rejecting 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 currency (CBDC) to protect financial privacy and civil liberties. This was also one of Trump's key political promises before taking office. The bill's partial passage will further consolidate and maintain the decentralized status and privacy of cryptocurrencies, including XRP.
With central bank digital currencies completely rejected, XRP, as a mature payment network and corresponding token, is expected to see increased usage and market attention.
XRP ETF Application, Crypto Reserve Regularity, and Ripple Co-Founder's Selling
It's worth mentioning that XRP's current surge is also inseparable from its previous ETF application and status as a crypto reserve regular. Additionally, after XRP's price surge, Ripple co-founder Chris Larsen has continued his consistent "selling operation".
XRP Becomes Priority for ETF Application and Crypto Reserves
As an 11-year-old crypto project, XRP's historical status is undeniable, making it a priority for ETF applications and crypto reserves:
Trump's Truth Social Crypto Blue Chip ETF "basket" plan: Crypto Bloomberg senior ETF analyst Eric Balchunas previously stated that according to S-1 form disclosure, the spot crypto "basket" includes BTC, ETH, Solana, XRP, and Cronos;
ProShares launched two new futures-based crypto ETF products this week - ProShares Ultra Solana ETF and ProShares Ultra XRP ETF, now trading on the NYSE, though not directly investing in XRP and Solana cryptocurrencies.
In terms of crypto reserves, NASDAQ-listed Thumzup Media Corporation (TZUP) previously announced board authorization to hold up to $250 million in crypto assets, including XRP; Amber Group's listed subsidiary Amber International previously announced completing a $25.5 million private placement, which will support its $100 million crypto reserve strategy launched in May, with XRP among the reserved assets.
Ripple Team's "Excellent Tradition" Continues: Co-Founder Selling
As XRP approached its all-time high, Ripple co-founder Chris Larsen transferred XRP worth $26 million to Coinbase.
It's worth noting that this is not his first "sell-off". In January this year, he transferred 10 million XRP to Coinbase, worth over $24.2 million at the time.
Additionally, on Tuesday, over $6.5 million in XRP was transferred in 4 transactions; on Thursday, XRP worth over $40 million was transferred to unknown addresses. Despite current positive factors and a historic price high, the Ripple team continues to sell, which is understandable as selling for survival is Ripple's "business model" and way of existence.
Conclusion: XRP May Become the "Third Winner" After BTC and ETH
Following BTC and ETH spot ETFs, market speculation about the third crypto spot ETF has been limited to "SOL or XRP". Now, with XRP reaching a historic high and stimulated by a series of policy benefits, the XRP spot ETF may move from paper to actual implementation, potentially further expanding XRP's price ceiling.
