At the XRP Las Vegas conference, lawyers who defeated the SEC in the landmark Ripple case declared that XRP already possesses full regulatory clarity as a commodity and does not need the CLARITY Act to advance. The panel, held on May 1, 2026, featured attorneys John Deaton and James Murphy, who argued that the federal court ruling that XRP itself is not a security, combined with recent SEC and CFTC designations, gives the token a solid legal foundation.
Jake Claver, chairman of Digital Ascension Group, echoed this sentiment at Bitcoin Conference 2026, noting a shift in sentiment among long-time Bitcoin holders who are now exploring XRP. Claver said during the Good Evening Crypto podcast that the SEC and CFTC have already issued guidelines classifying XRP as a digital commodity, and recent developments tied to the GENIUS Act have pushed U.S. crypto regulation forward. He emphasized that the market needs execution, not more legislation.
Ripple Treasury’s new digital asset framework is now enabling live cross-border and intercompany settlements using XRP and RLUSD on the XRP Ledger. Global banks and the Depository Trust and Clearing Corporation (DTCC) are accelerating adoption. Ripple’s president has described 2026 as a year of institutional adoption at scale, with executives from Nasdaq and NYSE publicly discussing tokenization and blockchain integration in traditional finance.
XRP is currently trading at $1.40, up about 1.55% on the day and roughly 7% over the past month, though down 32% over the past year.
