XRP: It Better Happen...

Added: 2026-05-09

[00:00:00]Hello, this is Matt on the Moon Lambo channel. There's new promise that the Clarity Act is going to pass here in the good old United States and it could be happening pretty darn soon. I'm going to give you the specifics and I I will tell you this, this matters more for people that hold XRP than for just about any freaking coin. And and that's because XRP is so useful. And so I'm not going to go through the whole list because I I talked about this more in depth in a separate video. Uh, but it is a matter of fact statement so far as I'm concerned that if Clarity doesn't get approved, it's going to hurt XRP more than just about any other coin out there. Because you think about how useful XRP is and then think about all of the institutions and businesses that are super conservative who will then not jump into crypto at all uh because there isn't technically legal clarity. And look, I know a lot of institutions and uh Wall Street firms have jumped in ever since the war on crypto has has has ended, you know, quote unquote ended um since Trump got novice, but it's not a literal end. Um not until you have legislation. You know, there's always going to be that fear that things could get rolled back if you get a different administration in charge, which will happen at some point in the future. It's always going to flip-flop back and forth between parties. So, that's the concern.

[00:01:14]And I I don't know. I don't know if I should really be optimistic here, but from what I'm hearing, it does it does seem to be legitimate progress. And so, I was just thinking about, you know, a story I shared with you guys the other day highlighting that there are multiple parties involved, but it was it was JP Morgan and um and and Mastercard and Ono worked together to move a tokenized asset, US Treasuries, on the XRP ledger.

[00:01:42]That's right, one of the largest banks on the planet. And then Mastercard, everybody's heard of Mastercard on a global scale using the XRP ledger and it was a pilot program and we'll see if it moves forward. But that's because they understand the utility. Well, what I'm telling you is stuff like that, you're going to see way less of it unless this thing moves forward. Now, terms of actual utility though, I do want to share a little bit of good news here.

[00:02:02]This comes from Ripple CEO Brad Garlinghouse. Uh here's the headline from the Cryptobasic. Garlinghouse confirms Ripple Prime making uh XRP quote good collateral across lots of institutional platforms end quote. So, um you know, we're kind of cooked if uh so to speak if uh the Clarity Act doesn't get passed, but I get it. You know, glass half full. It's better to be an optimist than some sort of negative Nancy constantly. But, um you know, crypto's been here for over 17 years.

[00:02:34]XRP's existed almost 14 years. Um, we've gotten to this point without actually having legislative clarity, but man, it's just not going to be the same if we don't get it. Anyway, so this piece reads as follows, though. Ripple CEO Brad Garlinghouse stated that Ripple Prime is helping position XRP as collateral across various institutional platforms. Garlinghouse disclosed this while discussing crypto institutional adoption at the ongoing consensus 2026 in Miami, pointing out that large institutions have now started seeing more use cases for crypto assets. While speaking at consensus, Garlinghouse pointed out that Bitcoin had moved back above the $80,000 mark for the first time since January. However, he expressed surprise that the broader market still seemed slow despite many positive signals. The Ripple CEO noted that the space is gradually reaching a point where crypto becomes more practical, especially when it comes to using it as collateral and for leverage.

[00:03:32]To him, institutions are starting to see more realworld use for these assets.

[00:03:38]Now, folks, obviously that utility is real. And even though you in institutions are kind of getting it at this point, not let's like I was saying at the intro of the video, not all of them will act on it unless you have the Clarity Act passed. That's that's the part that's concerning. I'm not concerned about whether or not the asset class is going to keep growing. And I'm not concerned about whether or not we're going to have a bull run. We are, but it's it's a question of scale. And it would to whatever degree, it's an unknowable number. whatever it be certainly larger than it otherwise would. And if you're in crypto and you got heavy bags and I mean I've been here a while I got some heavy bags that whatever the extra oomph would be that materially matters. So I want it to happen. We haven't had an alt season in half a freaking decade.

[00:04:27]It's going to happen sooner rather than later I believe anyway. And I would love I would absolutely love to have this thing passed. That's just that much more hype to throw on throw on top of everything else that's happening. So, I mean, we'll be fine regardless. I'm just saying it would be that much better.

[00:04:45]Anyway, peace continues. Speaking further, he referenced Ripple's own efforts, including its recent acquisitions and focus on prime brokerage services. Garlinghouse pointed out that acquiring Hidden Road plays an important role in this strategy as it helps make XRP usable as collateral across different institutional platforms. He called this development a big deal and that's a quote a big deal.

[00:05:07]And then he said, quote, "Our company Hidden Road, the prime brokerage business making XRP good collateral across lots of different institutional platforms is a big deal." End quote.

[00:05:16]That's the full quote. Um, also earlier this year in March, Mike Higgins, CEO of Ripple Prime, confirmed that the company was leveraging XRP as collateral for institutional trades, uh, challenging the narrative that XRP had absolutely no utility on the platform. So obviously XRP does have utility on the platform.

[00:05:33]But I will also say even if that weren't true and XRP could not be used as collateral on the platform, it's still required for every single freaking transaction. So even if it were just RLUSD that can be used for collateral, and it can XRP is still required. So that's still utility. Nothing, you guys understand this, right? Nothing can move on the XRP ledger period without XRP because that is the way it's programmed.

[00:05:58]So, anytime there's a token that's getting x amount of usage, whatever it is, that means XRP is being used. That every single one of those instances is increasing the utility for XRP. You'll love to see it. Now, as far as whether or not we're going to get this uh extra little cherry on top here for this alt season coming up, the Clarity Act, let's talk a little bit about this. So, here's the headline from CoinDesk. White House targets July 4th for Clarity Act passage. Says crypto advisor Patrick Wit. The White House is aiming for July 4th for Congress to pass the Digital Asset Market Clarity Act. Patrick Wit, executive director of the President's Council of Adviserss for Digital Assets, told Coindesk's Consensus Miami Miami conference on Wednesday. We're targeting July 4th. I think that would be a tremendous birthday present for America.

[00:06:48]Celebrating our 250th, Wit said. They grow so fast. Uh the mechanics according to Whit are Senate Banking Committee markup this month, four working Senate weeks in June for floor passage, and enough runway for a US House of Representatives vote before the Independence Day deadline. That timeline runs ahead of the prediction uh Senator Kirsten Gillibrand shared on the same stage earlier in the day when the New York Democrat predicted clarity would reach the president's desk by the first week of August. There's not a lot of slack left in the rope right now, Wit said, but it is an achievable timeline.

[00:07:26]Okay, so I think this part of the reason people are so skeptical of this because we keep hearing it's around the corner.

[00:07:30]We've been hearing that for it seems like eternity, but for much of the last year, oh no, it's coming up, it's coming up next, and then uh so many people share their expectations for when it's going to happen, then that that moment in time elapses, and then there's another one, and then we go past that.

[00:07:42]Um so what would be different this time?

[00:07:45]uh as it says a little bit later in this article. Um yeah, I think this is the part right here. Take a look at this. This is a quote uh from Wit. Crypto is unhappy, banks are unhappy, but they're both about equally unhappy. Whit said, "And so we know that we got the right compromise." Whit considered that the stable coin yield issue is closed. And so there you go. That right there, that bad boy, the stable coin issue, that's what's been holding this up for months and months and months. Do you remember I think it was the middle of January when Brian Armstrong, founder and CEO of Coinbase, publicly said, "We are no longer backing the Clarity Act because of the stable coin issue." That's now passed. He's all on board again. Um, so it looks like even though neither party's happy with this, uh, it has concluded. So if you're wondering why would this time be different, that's why. It's because by all reports that I've seen, by all accounts that are publicly known, that issue is settled.

[00:08:40]That's the biggest thing that was holding this up. So, we might actually get this thing approved. I don't know.

[00:08:47]I'm not comfortable making a prediction to be honest with you. I don't know if it's going to get approved. I just don't know. Um I I think it's plausible. And, you know, I guess I feel a little bit more optimistic seeing this than I did, you know, even just like a couple weeks ago. But, let's find out together if it's going to happen. You know, what a crazy adventure here. Uh we'll see. And then there was this post. Uh this is from Alaner Terret with uh crypto in America formerly with Fox Business uh did a fantastic job for years highlighting the SECV Ripple lawsuit as it was ongoing. So the masses knew this is a huge reason that uh it became very widely discussed even in legacy media.

[00:09:28]Um so anyway, she's done a great job also covering what's been happening with the Clarity Act. And um just in the afternoon May 7th, she shared the following. So, this is the very latest we have to this point. The Senate Banking Committee is preparing to notice a markup for the Clarity Act as soon as tomorrow and has circulated draft legislative text to select industry members ahead of a potential Thursday vote according to multiple industry sources who have seen the text. Okay, so I'll pause note. She said tomorrow.

[00:09:58]That's now today. So hopefully it happens at some point later today. We'll see if that happens. Then she says, "The language is reportedly still being finalized with additional edits expected to reflect priorities from Democratic offices." One source told me, "The overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far, though some bracketed sections are raising concerns that key provisions previously thought to be settled may still be in flux. So, we'll see." And this is why I said I'm not fully concern uh fully confident that it's going to get passed, but I do know the biggest one was the stable coin thing that seems to be settled. So, in theory, could any number of things go wrong as is hinted in the end of this post? Yeah, absolutely.

[00:10:41]It's why I'm not making a bet. I do not know. I don't have any insider information. I'm sharing with you what is publicly known here. You guys can speculate amongst yourselves. Tell me what you think. Um, but we in cryptoland, we're still going to be fine even if it doesn't pass. It would just be disappointing. It would definitely be disappointing.

[00:10:58]I'm not a financial adviser. You should not buy or sell anything because of anything I say or right. That would be a very, very, very bad idea. Until next time, to the moon Lambo.