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Circle's Charter Is Final, CLARITY Act Draft & XRP Breaks $1.10 | Jul 10
Audio is available on Spreaker — see link below.
Circle's OCC national trust bank charter is now final — and it reshapes the institutional custody race overnight. Plus: the CLARITY Act merged draft targets July 20, XRP clears $1.10, and XRPL v3.2.0 hits 80% validator adoption.
Audio is available on Spreaker — see link below.
Circle just received its final OCC national trust bank charter. That's the lead, and it matters more than the price action today.
On the legislative side, the CLARITY Act is moving toward a critical moment. A merged seventy-plus page draft combining the Senate Banking and Agriculture bills is expected to drop next week.
XRP cleared the resistance band between one dollar nine cents and one dollar ten on July tenth, settling around one dollar ten with volume running well above average. The move looks technically clean.
On the ledger side, version three point two point zero has now crossed the eighty percent validator activation threshold. Thirty-one of thirty-five default UNL validators are running it.
The fixCleanup amendment is the clearest example of that problem right now. It addresses bugs in vaults, lending, and the DEX.
The two things that matter most in the near term are Circle's charter setting the pace for institutional custody adoption, and whether the CLARITY Act merged draft can survive its own ethics standoff long enough to reach a floor vote. Those two threads are connected.
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