One Signature From Safety: XRP, HBAR, XLM Stuck Over Trump’s Wallet

In a detailed breakdown of the so‑called Clarity Act, FireHustle argues that both Republicans and Democrats already agree on the core issue investors care about: which agency regulates major tokens, and whether the SEC can keep threatening them as unregistered securities.

The unresolved piece, according to the video, is an ethics provision that would restrict top officials, including the president, from profiting from the industry they oversee, a clause widely seen as aimed at Donald Trump.

Fire Hustle says the Clarity Act is designed to turn existing regulatory “guidance” into binding federal law by formally classifying certain assets as digital commodities.

In March, the SEC and the commodities regulator that already oversees markets for oil, gold and wheat reportedly identified XRP, HBAR, XLM and ADA as digital commodities, putting them in the same bucket as bitcoin and ether — but only at the guidance level, not in statute.

On May 14, the Senate Banking Committee voted 15–9 to advance the bill, with two Democrats crossing party lines. That vote, the host argues, shows the “crypto part” is essentially settled.

The remaining deadlock is over whether the final bill will include strict conflict-of-interest language preventing government officials, including the president, from “getting rich off the industry they oversee.”

Democrats, the analyst says, are refusing to move the bill without those ethics rules, while the White House has indicated it will not sign anything seen as targeting the president personally.

The research desk at Galaxy is cited as putting the odds of passage by 2026 at around 75%, with a likely signing date pushed to early August if the ethics language is resolved. Some analysts, the host notes, see a risk of slippage into 2027.

The YouTube video highlights that market infrastructure has already begun to form around these assets.

Spot XRP funds trading on U.S. stock markets are described as pulling in more than $60 million in fresh inflows during a record week in mid‑May, even as bitcoin and ether products lagged.

A spot HBAR fund is said to be live on Nasdaq, with Hedera’s governing group including large corporates such as Google and IBM, which have been testing on the network but, according to the analyst, have held back from “going all‑in” while legal status remained uncertain.

ADA still carries baggage from being named in the SEC’s lawsuit against Coinbase, a move the host claims scared off institutions “for two solid years.”

Clarity, in her view, would clear the way for an ADA fund to follow. XLM was also identified as a digital commodity in March and already hosts some of the more regulated stablecoins, positioning it to benefit quickly if the Act becomes law.

FireHustle stresses that while the structural setup for these four tokens is stronger than in past cycles, the timing is “genuinely up in the air.”

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