Pundit: It’s Happening Again, XRP and Crypto Holders Read This

Crypto commentator X Finance Bull has published a post on X outlining a sequence of events that have delayed progress on the CLARITY Act and created uncertainty for the digital asset industry.

The post presents a development timeline between January and late March 2026, focusing on what he describes as repeated interventions by Coinbase that halted legislative momentum.

According to the post, the CLARITY Act had already secured approval in the House of Representatives with bipartisan support, passing by a vote of 294 to 134.

The legislation aims to establish clear distinctions between commodities and securities in the digital asset sector while also addressing developer protections and self-custody rights. X Finance Bull states that despite this progress, the bill encountered resistance in the Senate.

He attributes the first disruption to January 2026, when Brian Armstrong reportedly withdrew support shortly before a scheduled markup session, leading to its cancellation. A second setback is described in March 2026, when a compromise facilitated by the White House failed.

Stablecoin Yield Debate Identified as Central Issue

The post emphasizes that the primary point of contention relates to stablecoin yield mechanisms. X Finance Bull claims that traditional financial institutions have pushed for restrictions on yield-bearing stablecoins, while Coinbase has resisted such measures due to its financial exposure to rewards generated through USDC-related products.

He states that Coinbase derives approximately $800 million annually from these rewards, representing a significant portion of its revenue. Based on this claim, the commentator argues that disagreements over this specific feature have stalled broader regulatory clarity that would otherwise address multiple areas of the crypto ecosystem.

The CLARITY Act, as described in the post, includes provisions for oversight by the Commodity Futures Trading Commission, frameworks for tokenized securities, and protections for user-controlled digital wallets. X Finance Bull maintains that these elements remain unresolved due to the ongoing dispute.

Reference to XRP and Broader Industry Implications

X Finance Bull connects the situation to Ripple’s experience and its prolonged legal dispute with the U.S. Securities and Exchange Commission. He notes that XRP holders endured years of regulatory uncertainty before receiving favorable legal outcomes, and suggests that the current legislative delay undermines the possibility of establishing long-term clarity.

The post also references RLUSD, Ripple’s U.S. dollar-backed stablecoin, describing it as developed with a compliance-focused approach that avoids the yield-related controversies currently under debate. Additionally, it mentions Ripple’s involvement with institutions such as DTCC and BNY Mellon as part of ongoing infrastructure and financial integration efforts.

Legislative Outlook Remains Uncertain

X Finance Bull concludes by warning that if the CLARITY Act does not advance before May, the upcoming midterm election cycle could delay or terminate the process entirely. He frames the situation as a critical moment for the digital asset sector, arguing that unresolved disagreements risk prolonging regulatory ambiguity.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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