Ripple Could Benefit from New Crypto Bill: Legal Clarity for XRP?

A proposed piece of legislation in the U.S. Congress could significantly impact how digital assets are regulated, with Ripple potentially gaining a major advantage. Known as the Financial Innovation and Technology for the 21st Century Act (FIT21), the bill proposes changes to how insider holdings are assessed, which has implications for XRP’s legal classification. As highlighted by Jungle Inc Crypto News on X, FIT21’s Section 102 specifically excludes tokens held in contractually locked or escrowed accounts from calculations of insider ownership, a move that could benefit Ripple significantly.