XRP Hits Historic High of $3.65 Amid Landmark U.S. Crypto Legislatio

In a historic move, the U.S. Congress has passed two groundbreaking bills aimed at regulating the cryptocurrency sector, providing long-awaited clarity on digital asset classifications and market operations. The news sent shockwaves through the crypto market, and one of the biggest beneficiaries was XRP, the digital token associated with Ripple Labs. XRP soared over 100% in a matter of hours, reaching a new all-time high of $3.65, surpassing its previous peak from the 2018 bull run.

The Legislation: Two Crypto Bills That Changed the Game

The two bills passed by Congress—tentatively referred to as the Digital Asset Market Structure Act (DAMSA) and the Consumer Crypto Protection Act (CCPA)—aim to create a legal framework for the issuance, trading, and custody of digital assets in the U.S. Their passage marks a significant step toward institutionalizing crypto within traditional financial systems.

Key highlights of the legislation include:

• Clear classification of tokens as either securities or commodities.

• Oversight authority formally assigned between SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission).

• Mandatory KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance for exchanges and token issuers.

• Consumer protection standards for crypto wallets and custodial services.

This legislative breakthrough addresses the long-standing legal gray area that many cryptocurrencies, including XRP, have operated within.

Why XRP Reacted So Strongly

XRP’s surge is rooted in its history with the U.S. Securities and Exchange Commission. Since 2020, Ripple Labs has been embroiled in a lawsuit with the SEC over whether XRP should be classified as a security. The ambiguity severely restricted XRP’s ability to be listed on major exchanges and discouraged institutional adoption.

With the new legislation providing clarity and distinction between digital assets as securities or commodities, XRP appears to have received an implicit green light for broader use. Though the bills do not name any particular token, the market clearly interpreted the shift as favorable to Ripple’s long-standing argument that XRP is a currency or utility token, not a security.

This sentiment triggered a wave of institutional buying, exchange relistings, and investor optimism, culminating in a rapid price rally.

Market Response and Investor Sentiment

The immediate response was dramatic:

• XRP’s price more than doubled in 24 hours.

• Trading volume across exchanges spiked by over 450%, with billions of dollars in XRP changing hands.

• Major exchanges, including those that had previously delisted XRP, began hinting at relistings.

• Social media platforms, particularly X (formerly Twitter), were flooded with bullish sentiment and trending hashtags like #XRPArmy and #CryptoClarity.

Other cryptocurrencies also experienced gains, though none matched XRP’s performance. Bitcoin and Ethereum saw modest rallies of 5-8%, while tokens closely related to fintech and cross-border payments enjoyed greater surges.

Implications for the Future of Crypto in the U.S.

The passage of crypto legislation in the U.S. is expected to catalyze several long-term developments:

1. Increased Institutional Participation: Hedge funds, banks, and asset managers now have a clearer regulatory environment to operate in, making it easier to include digital assets in portfolios.

2. Regulatory Harmonization Globally: The U.S. move may influence regulators in Europe, Asia, and emerging markets to adopt similar laws, promoting international consistency.

3. Revival of Altcoin Market: With XRP’s case as a catalyst, many altcoins that suffered from regulatory uncertainty may now regain investor confidence.

4. Boost in Blockchain Innovation: Legal clarity can encourage new startups and enterprise blockchain solutions to emerge without fear of legal repercussions.

Challenges Still Ahead

Despite the enthusiasm, not all is resolved. The implementation of these laws will require:

• Rulemaking and interpretation by agencies like the SEC and CFTC.

• Coordination between federal and state regulators.

• Legal challenges that could arise in defining the boundary between securities and commodities.

Moreover, privacy coins, decentralized finance (DeFi) platforms, and non-custodial wallets are likely to face stricter scrutiny under the new regulations.

Conclusion: A Milestone Moment for XRP and the Crypto Industry

XRP’s surge to $3.65 is more than just a market rally—it’s a symbol of renewed confidence in the legitimacy of digital assets. With the U.S. taking its first substantial legislative step toward regulating cryptocurrencies, the industry may finally be on a path toward mainstream adoption and legal certainty.

While challenges remain, this moment represents a major turning point for both XRP and the broader blockchain ecosystem. Investors, developers, and institutions now await the detailed rollout of the new rules—but for today, optimism reigns in crypto markets