The CLARITY Act, a bill designed to regulate the cryptocurrency market, passed a key Senate committee on Thursday. This moves the bill closer to a vote by the full Senate and could change how investors view the risks associated with cryptocurrencies other than Bitcoin.
Three cryptocurrencies – XRP, Solana, and Hyperliquid – appear likely to benefit from the new legislation. They all meet the requirements of the bill’s provisions, including those related to decentralization and protections for decentralized finance (DeFi).
XRP Lands a Path Out of SEC Limbo
As an analyst, I’m watching the potential impact of this bill closely, and XRP seems to be in a particularly interesting position. The bill includes what’s essentially a ‘grandfather clause’ that could quickly classify tokens like XRP as commodities if they already have ETF applications in progress or approved. This means XRP might avoid a more thorough review of its blockchain technology before being designated as a commodity, potentially speeding up the process.
In the past, the SEC has paid close attention to sales of XRP on the secondary market. This new legislation removes that risk for XRP tokens that now qualify as commodities.
The token’s price has increased by nearly 7% in the past 24 hours and is currently trading at $1.51.
Negotiations around the CLARITY Act are moving ahead significantly. Senator Warner reports that Republicans have agreed to important modifications, meaning regulations are starting to take shape – which is a positive development for XRP. The necessary infrastructure is being developed, setting the stage for wider adoption.
Solana Anchors the DeFi Safe Harbor Case
According to the proposed legislation, Solana (SOL) meets the requirements to be considered a well-established blockchain. Additionally, the bill offers protections for those building and maintaining Solana’s decentralized finance (DeFi) ecosystem – including developers, validators, and those providing liquidity – by exempting them from certain broker registration rules.
This blockchain network boasts the biggest decentralized finance (DeFi) system beyond Ethereum, measured by how much trading happens on it. Its focus on perpetual contracts, staking options, and digital versions of real-world assets keeps most activity within a single network.
Investing in established SOL ETFs and earning rewards through staking provides a level of regulatory clarity that the wider cryptocurrency market currently misses.
Good news! The CLARITY Act just passed the Senate Banking Committee. Now, it needs to be voted on by the full Senate, reconciled with any similar bills in the House, and then sent to the President to be signed into law.
— Solana (@solana) May 14, 2026
While XRP has seen a significant price increase, Solana’s gain is much smaller, at just 1.68%. It was trading at $92.70 at the time this was written.
Hyperliquid Already Reacted To the CLARITY Act
Hyperliquid (HYPE) is a perpetuals exchange built entirely on its own blockchain. This design aligns well with the proposed legal protections for decentralized finance (DeFi) platforms.
These rules safeguard protocols that don’t hold customer funds from needing to register as brokers or dealers, while still allowing authorities to take action against fraudulent activities.
HYPE trades at $43.86 as of this writing, recording gains of up to 12% in the last 24 hours.
Meanwhile, BitGo’s custodial support has expanded institutional access.
BitGo is making it easier for institutions to trade on Hyperliquid by adding support for $hwHLP. This allows them to use Hyperliquid, a rapidly growing exchange, with the security and reliability of BitGo’s trusted custody services and a streamlined connection process. This move reinforces BitGo’s commitment to providing secure and compliant trading solutions.
— BitGo (@BitGo) September 19, 2025
As a crypto investor, I’m really excited about HYPE. Unlike some projects, it doesn’t have any past issues with the SEC, and it’s already gaining traction in a really popular area of crypto – decentralized finance. With US investors starting to come back into DeFi, I think HYPE has a lot of potential for growth.
Despite this progress, the bill still needs to be finalized by resolving differences with the House version and then securing at least 60 votes in the Senate to move forward.
Senators have added over 100 changes to the bill. Future rules about stablecoin interest or how decentralized finance is handled could significantly impact the value of these tokens.
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2026-05-15 00:46