The new draft of the U.S. "Clarity Act" proposes that by January 1, 2026, any cryptocurrency assets that serve as the primary underlying assets of listed ETFs in the United States will no longer be classified as securities under the Securities Act of 1933. This provision will exempt XRP and other assets (such as SOL and DOGE) from securities regulation, potentially overturning the core argument of the long-standing lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Meanwhile, XRP ETFs listed in the U.S. have attracted $1.23 billion in net inflows, with total assets approaching $1.5 billion, and the trading price of XRP has also surpassed $2.