On Thursday, the CLARITY Act, a bill dedicated to cryptocurrency market regulation, passed the Banking Committee of the U.S. Senate. Now the document will go to a full vote in the Senate, and for the altcoin market, this could seriously change the balance of power.
Some projects already look like the main potential beneficiaries of the new law.
The same type of attention can be seen in trading communities, where crypto signal Telegram channels are often used as a reference point for how quickly market narratives spread.
This especially applies to tokens that meet decentralization criteria, receive protection for the decentralized finance sector, or fall under special transitional provisions of the law that allow them to maintain their current status after the new rules come into effect.
Against this backdrop, analysts most often highlight XRP, Solana, and Hyperliquid.
These projects are currently best aligned with the regulatory model proposed by the CLARITY Act.
XRP price dynamics. Source: CoinMarketCap
This largely explains the XRP increase of almost 7% in the past 24 hours. At the time of publication, the token was trading around $1.51.
With the advancement of the CLARITY Act, discussions in the crypto community have intensified again about XRP possibly being one of the main winners of the new regulation.
One user wrote that after concessions from Republicans, the bill made a significant step forward, and the regulatory system itself is finally starting to move in the direction the XRP market has been waiting for many years.
Solana Gains Advantages as One of the Largest DeFi Blockchains
Solana is also considered one of the main potential beneficiaries of the CLARITY Act.
According to the current criteria of the bill, the network qualifies as a mature blockchain due to its high degree of decentralization.
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An additional plus for Solana is the protection of the decentralized finance sector. The bill reduces risks for developers of non-custodial services, validators, and liquidity providers by exempting them from some requirements that are usually applied to brokers.
Currently, Solana remains the largest DeFi ecosystem after Ethereum in terms of transaction volume.
Most of the activity around perpetual futures, staking, and tokenized real-world assets is concentrated on the Solana network.
With possible regulatory approval, the market also expects increased interest from institutions through ETF on SOL and staking products.
At the same time, Solana itself is reacting to the news much more calmly than XRP. In the past 24 hours, SOL has gained about 1.7% and at the time of publication was trading near $92.7.
Hyperliquid Has Already Started Growing Amid the CLARITY Act
Hyperliquid has also found itself among the projects that the market associates with possible benefits from the new regulation.
The platform operates as a fully on-chain perpetual futures exchange on its own layer-one network. This model fits well with the provisions of the CLARITY Act regarding the protection of decentralized finance.
The bill proposes to exempt non-custodial protocols from some requirements that are usually imposed on brokers and dealers, while maintaining control over fraud and manipulation.
Against this backdrop, HYPE is already showing a stronger market reaction.
Also Read: ETF on Hyperliquid Attracted $1.2 Million on the First Day of Trading in the U.S.
In the past 24 hours, the token has gained about 12% and at the time of publication was trading near $43.8.
Hyperliquid (HYPE) price dynamics. Source: CoinMarketCap
Additional institutional interest increased after custodial services BitGo began supporting HYPE.
For the market, this is an important signal because Hyperliquid has no old conflicts with the SEC, and the project already holds strong positions in one of the most active segments of the crypto market — perpetual futures trading.
If, after the adoption of the CLARITY Act, American capital begins to return more actively to the DeFi sector, Hyperliquid could be among the main recipients of this liquidity.
But for now, it is too early to talk about a complete victory.
The bill still needs to be reconciled with the House version, and then a full vote in the Senate, where at least 60 votes are required for adoption.
In addition, senators have already proposed more than a hundred amendments to the document.
These could still seriously affect the final version of the law, especially regarding the regulation of stablecoin yields and the operation of DeFi protocols.
