XRP (XRP +7.23%) is soaring today, up 6.1% in the last 24 hours as of 3:02 p.m. ET on Aug. 19, 2026, as President Donald Trump meets with executives from top crypto firms, including Ripple, the company behind the XRP token.
The S&P 500 and Nasdaq Composite were both up slightly in Wednesday's trading.
CRYPTO: XRP
Key Data Points
Trump is meeting Ripple and top regulators one day after the SEC proposed a disclosure exemption
Trump will meet with crypto executives at the White House along with key regulators like Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission (CFTC) Chair Mike Selig.
This comes just a day after the SEC proposed a rule that would let certain token and digital-asset offerings skip the standard disclosure process a company normally goes through before selling a security to the public.
Traders are betting on the Clarity Act, but it would help RLUSD more than XRP
Investors are clearly excited that the meeting today, along with the SEC's proposal, signals key crypto-industry legislation may soon be able to make its way through Congress. The Clarity Act -- a market structure bill that the industry wants most -- is currently stuck in the Senate.
Image source: Getty Images.
It's unclear if that will happen, but even if it does, I'm not sure it will move the needle in the way that XRP bulls hope. This would likely be more beneficial for Ripple's stablecoin RLUSD than for XRP itself.
