A major piece of US crypto legislation is now in the spotlight with XRP at the 
center: the CLARITY Act draft text was released Monday night, totaling 309 
pages and arriving ahead of a key Senate markup scheduled for Thursday. The 
bill has been delayed since January, but the appearance of the full draft has 
already triggered intense attention from XRP analysts who believe important 
parts of the document could meaningfully improve the altcoin’s regulatory 
outlook. ‘Legally Favorable’ For XRP According to market expert Bull Winkle, 
several provisions in the draft point to “significant bullish categories” for 
XRP. In a post shared after the release, Winkle said his reaction was not only 
excitement, but a sense that the framework is unusually favorable in legal and 
structural terms. He began by focusing on the early pages of the draft which 
creates a new regulatory category for a “network token.” In his reading, the 
bill defines a network token as a digital asset intrinsically tied to a 
distributed ledger, where the value comes from the network’s use rather than 
from any company’s profits. Related Reading: Top Analyst Confirms The Bearish 
Target: Bitcoin Could Ease Down To $40,000 He argued that this is the type of 
model XRP fits into, noting that the altcoin’s value, as he describes it, is 
tied to activity on the XRP Ledger (XRPL)—specifically payments, settlement, 
and utility—rather than Ripple’s profitability. He also emphasized that, in 
this view, the XRP Ledger continues running whether Ripple exists or not, and 
that the “network token” definition appears to be written for an asset with 
that exact structure. From there, Winkle pointed to what he said was the most 
striking legal detail he found in the draft. He said Section 105, spanning 
pages 110 to 112, includes language inside the decentralization test that he 
believes has major implications. The Best Regulatory Framework For Crypto? The 
clause he highlighted states that if a court has already determined that a 
transaction was not a security before the law was enacted, then the asset 
cannot later be reclassified as a security. In Winkle’s interpretation, this 
language is directly connected to the Ripple-related court findings that have 
already been established. He also referenced the legal context he believes 
matters most: Judge Torres’ ruling that XRP secondary market sales were not 
securities transactions, which he described as final. He characterized this as 
the single most important legal protection XRP has ever received, in part 
because it would put a firm boundary around how future re-interpretations 
could be handled. Related Reading: Circle Banks $200M From Giants Like 
BlackRock In Arc Token Presale, CRCL Jumps 15% Winkle’s post also cited 
Section 401, located on pages 195 through 204, and described it as a provision 
that explicitly authorizes banks and credit unions—along with their 
subsidiaries—to use digital assets for payments, custody, clearing, and 
settlement. In his view, this is not just a general permission slip, but an 
on-ramp for the banking sector to move forward with the same operational 
capabilities that XRP advocates have associated with payment infrastructure 
work. Even with his bullish conclusion, Winkle was careful to note that the 
CLARITY Act is still a Senate draft and has not passed yet. That means the 
provisions he highlighted remain subject to change as lawmakers negotiate and 
vote. Still, he argued that the document already contains the most favorable 
regulatory framework for XRP that the US government has put on paper to date. 
Featured image created with OpenArt, chart from TradingView.com

New CLARITY Act Text Is Out: Expert Claims XRP Looks Strong In The Details

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New CLARITY Act Text Is Out: Expert Claims XRP Looks Strong In The Details

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