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Ripple's MiCA Win, CLARITY Act Crunch & XRP at $1.08 | Jul 14
Audio is available on Spreaker — see link below.
Ripple secures full MiCA authorization in Europe while 54 firms — including BlackRock and JPMorgan — launch the UK's wholesale tokenization consortium. Back in the US, the CLARITY Act faces a make-or-break Senate window with an ethics clause threatening to stall momentum.
Audio is available on Spreaker — see link below.
Fifty-four firms, including Ripple, BlackRock, and JPMorgan, have formally launched a UK government-backed taskforce to tokenize wholesale financial markets. The target is the eighty-eight trillion dollar real-world asset market by twenty thirty-five.
Ripple's presence in that consortium connects to a broader European strategy. The company recently secured full Markets in Crypto Assets authorization in Luxembourg, which opens up regulated operations across the entire European Economic Area.
Back in the US, the House Financial Services Committee has scheduled a field hearing in New York City for July seventeenth. The purpose is to advance the CLARITY Act before the Senate's August recess window closes.
The more immediate obstacle is political. Senator Gillibrand is conditioning her support on ethics provisions that would prevent President Trump from profiting on crypto legislation he signs.
XRP is trading near one dollar and eight cents, consolidating within a range of one dollar to one dollar thirteen. The macro environment isn't helping.
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