Banks Accumulate Altcoins Ahead of Crypto Clarity Act Vote
Institutional money is moving into select altcoins as regulatory clarity looms. With Polymarket odds for the Clarity Act's passage jumping from 56% to 71% in a week, banks are positioning ahead of a Senate Banking Committee vote slated for late March. Trump's recent critique on Truth Social—accusing banks of holding the bill 'hostage'—adds political urgency.
Analyst Tim Warren identifies two key drivers: stablecoin regulation and real-world asset (RWA) tokenization. Ethereum (ETH) and Solana (SOL), both foundational layer-1 networks, stand to benefit directly. ETH trades 60% below its all-time high, SOL 71% below—Warren projects rebounds of 184% and 332%, respectively.
XRP, having secured its legal footing against the SEC, emerges as a preferred cross-border payment rail. Draft Senate legislation reportedly classifies it alongside BTC and ETH as a 'non-ancillary asset.' Some targets suggest speculative highs of $10-$15.
