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A crypto commentator known as X Finance Bull is predicting that passage of the CLARITY Act would open community bank doors to utility-focused digital assets like $XRP and $XLM, without displacing the $FIAT deposit base those banks already hold.
The argument draws on remarks Senator Cynthia Lummis made directly to banking industry stakeholders, where she argued the available data do not support fears of deposit loss from digital asset integration.
What the CLARITY Act Is — and Why Banks Are Watching The CLARITY Act is pending U.S. legislation aimed at establishing a defined regulatory framework for digital assets.
For community banks, the practical question is whether engaging with tokens like $XRP and $XLM would cannibalize their core business — the $FIAT deposits they collect and lend.
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