Market Strategist Urges XRP Holders to Watch This

The stalled CLARITY Act has raised questions about the future of digital asset regulation in the United States. But financial expert Levi says XRP holders should not overlook developments outside Congress.

Levi specifically pointed to recent signals from CFTC Chairman Michael Selig, who said the agency intends to continue developing a regulatory framework for digital assets under its existing authority. Levi said this development could be significant for XRP because regulatory clarity remains one of the major issues investors have been watching.

CFTC Can Continue Without New Legislation

Levi explained that the CLARITY Act sought to regulate digital assets in the United States. However, he said the bill’s failure to advance does not prevent federal regulators from continuing their work.

“The bill stalled in the Senate, but the CFTC Chairman Michael Selig has signaled that the agency intends to keep moving,” Levi said in the video. He added that the CFTC is working toward a digital asset regulatory framework using authority that it already possesses.

His comments focus on the distinction between congressional legislation and regulatory action. While Congress would need to pass the CLARITY Act for it to become law, federal agencies can continue taking regulatory steps within their existing legal authority.

Levi also noted that the SEC and CFTC have already been working together on cryptocurrency oversight. He said this cooperation can continue regardless of whether Congress ultimately passes the legislation.

XRP Remains A Key Asset For Levi

According to Levi, the regulatory developments matter because the market seeks greater certainty around digital assets in the United States. He linked that issue directly to XRP and said the asset could receive greater attention if the regulatory framework continues to develop.

“Now, even with Congress hitting a roadblock, the regulators are still moving,” Levi said. He described the CLARITY Act’s failure to advance as a setback but rejected the idea that the development means the United States is abandoning efforts to establish cryptocurrency regulations.

In conclusion, Levi identified XRP as one of the assets he plans to monitor most closely if the regulatory framework takes further shape.

For XRP holders, his comments place the focus on regulatory developments beyond the CLARITY Act itself. While the legislation remains stalled, Levi’s analysis suggests that actions by agencies such as the CFTC and SEC could continue to influence the regulatory environment surrounding digital assets, including XRP.