Federal Reserve chair nominee Kevin Warsh is set to have a confirmation hearing next week, according to multiple news reports.
XRP is currently trading around $1.33, down by about 64% from its all-time high of $3.65 reached in July 2025. The irony is that the cryptocurrency has spent the past several months shedding value when Ripple, the company behind its primary use case, has been executing developments at a pace that few technology companies in any sector can match. A crypto pundit on X has pointed to what could be the disconnect. According to the pundit, the heavy lifting behind XRP’s development is already complete, yet the market has not reflected it in price. Ripple’s Years Of Work May Already Be Complete According to the pundit’s post, Ripple currently holds more than 75 regulatory licenses across the world’s major financial markets. The pundit’s contention is that obtaining even half of those licenses from scratch would require between eight and twelve years of sustained effort, along with hundreds of millions of dollars in legal and compliance resources. “That development phase has already taken place,” the pundit wrote. “The market has not yet priced this in.” Related Reading: Analyst Says The Real XRP Move Hasn’t Happened Yet, What To Expect Ripple has one of the most extensive compliance footprints in the crypto industry, with regulatory licenses across major financial hubs, including Europe, the UK, Asia-Pacific, the Middle East, and North America. For instance, Ripple has secured both an Electronic Money Institution license and crypto-asset registration from the UK’s Financial Conduct Authority. In wider Europe, Ripple secured full approval of its EMI license in Luxembourg, granting it passporting rights that allow it to operate in all 27 EU member states under a single authorization. On the US front, the DTCC’s National Securities Clearing Corporation directory added Hidden Road Partners CIV US LLC, the prime brokerage arm Ripple acquired for $1.25 billion, with operational clearing credentials. The DTCC also filed patents in 2025 explicitly naming Ripple and XRP as compatible infrastructure for its tokenized finance framework. For context, the DTCC is the backbone of the entire US securities market. The Market Still Isn’t Pricing In Utility Despite that progress with Ripple, XRP’s price action has been on a different path since its 2025 peak. The cryptocurrency is now struggling to break above $1.40, with repeated rejections in the mid-$1.30s showing that buyers are not yet willing to push it into a sustained uptrend. Related Reading: Major Ripple Developments You Might Have Missed That Could Affect The XRP Price The issue comes down to how markets assign value. Infrastructure alone does not immediately translate into price appreciation unless it drives clear and consistent demand for the asset itself. The broader cryptocurrency market also experienced capital outflows throughout February and March 2026, mostly due to trade tariffs introduced by the Trump administration and escalating military pressure in the Middle East. This is reflected through outflows from spot crypto ETFs, and inflows are only starting to creep back in the past few days. The CLARITY Act Senate Banking Committee markup is targeted for the second half of April 2026, and it could be the final straw that sees the XRP price reflecting its development. This bill would permanently classify XRP as a digital commodity under federal law and may lead to billions in new ETF inflows. Featured image from Pxfuel, chart from Tradingview.com
President Donald Trump's top crypto advisor is sparking optimism in getting broader cryptocurrency legislation passed into law.
Negotiations over how to treat stablecoin rewards are intensifying as lawmakers return to Washington D.C. next week.
The crypto bill, or the Clarity Act, remains stuck in the Senate, and Congress is now on a two-week Easter break.
Republican Sens. Cynthia Lummis and Bill Cassidy introduced a bill that would bolster digital asset mining.
A new political action committee, the Blockchain Leadership Fund, launched with backing from Anchorage Digital and Chainlink Labs.
Frustrations are continuing to boil over in the crypto industry as it finds itself again at an impasse over the treatment of stablecoins.
David Sacks is leaving his post as the White House's crypto and artificial intelligence czar, but he isn't going far.
The SEC and CFTC have issued crypto interpretive guidance, but the big question now is whether that clarity has staying power.
Sen. Warren is raising concerns about Beast Industries’ acquisition of Step, which allowed minors to invest in cryptocurrency.
Key negotiators in advancing sweeping crypto legislation have reached an "agreement in principle" around the treatment of stablecoin yield.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A Senate panel plans to hold a hearing to amend and vote on a broad cryptocurrency market structure bill in April.
"We reject the idea that a deal has to come together in the next several weeks," said TD Cowen’s Jaret Seiberg.
The Digital Chamber and international financial technology platform Money20/20 are partnering to expand policy discussions.
Stand With Crypto stakeholders from states across the country sent a letter this week to senators urging them to protect DeFi.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Trump's direct involvement is required, but it is hard to see that occurring while the U.S. is in armed conflict with Iran, TD said.
Top Republican Rep. French Hill has some advice for his colleagues in the Senate on how to unstick its stablecoin yield problem.
"To us, the banks will eventually lose on this issue politically as they are arguing against consumers getting paid money."
JPMorgan's CEO argued that yield-bearing stablecoins should face the same regulatory requirements as bank deposits amid policy negotiations.
The Senate Banking Committee's bipartisan "ROAD to Housing Act" includes a provision banning the Fed from issuing a CBDC before 2031.
Commodity Futures Trading Commission Chair Michael Selig tapped David Miller to lead the agency's enforcement division.
Even as crypto sentiment remains weak, JPMorgan analysts see the possible mid-year approval of U.S. market structure legislation as a positive catalyst.
Some senators warned that stablecoin yields could blur the line between crypto products and traditional bank deposits.
Former FTX CEO Sam Bankman-Fried's support of a broader cryptocurrency bill isn't sitting well with either side of the aisle in the Senate.
"This would ensure Democrats could immediately control those agencies if they win the 2028 presidential election," TD said.
Predictions markets are a "huge issue" that federal regulators are focused on, SEC Chair Paul Atkins told lawmakers on Thursday.
Crypto industry views diverge on the likelihood that Washington will pass legislation in 2026, with estimates ranging from 25% to 60%.