Key Takeaways
- Vice President JD Vance said he “feels good” about the CLARITY Act but acknowledged opposition from Republican and Democratic senators.
- Newsmax host Carl Higbie claimed the legislation could unlock trillions of dollars and “make millionaires overnight.”
- The bullish comments have put Standard Chartered’s $28 XRP target back in focus.
XRP’s rebound toward $1.50 has brought bullish institutional price predictions back into focus after Vice President JD Vance expressed confidence in the CLARITY Act.
Speaking to Newsmax host Carl Higbie, Vance described the crypto market structure bill as “very important” and said the Trump administration was working daily to advance it.
The interview gained particular attention after Higbie claimed the CLARITY Act could potentially “make millionaires overnight.”
Renewed political optimism has put Standard Chartered’s reported $28 XRP forecast for 2030 back under the spotlight.
JD Vance ‘Feels Good’ About CLARITY Act
On Friday, Higbie asked Vance when the CLARITY Act would clear the Senate, arguing that clearer crypto rules could bring enormous amounts of new investment into the sector.
Vance said he had initially hoped senators would approve the legislation before leaving Washington for the August recess.
The vice president blamed the delay on resistance from both parties, saying the administration still needed to work with Republican and Democratic senators before the bill could advance.
Vance nevertheless struck an optimistic tone.
“We’re working on it every day,” he said, adding: “I feel good about it.”
He argued that the US crypto industry had matured to the point where companies needed clearly defined rules rather than what he described as a regulatory “wild, wild West.”
According to Vance, the absence of a formal framework previously allowed the Biden administration and the Department of Justice to target crypto entrepreneurs without providing them with sufficient guidance.
CLARITY Act Vote Delayed Until September
The Senate’s next major test is scheduled for Sept. 15, although it will not be a final passage vote.
Supporters will need 60 votes to overcome the procedural hurdle and move the bill directly to consideration.
Coinbase CEO Brian Armstrong believes that the threshold remains achievable.
Armstrong said supporters could “hopefully get more than 60 votes” on Sept. 15.
Even if cloture succeeds, the legislation will face further debate and potential amendments.
Lawmakers remain divided on a number of hurdles, including:
- restrictions on stablecoin rewards
- anti-money-laundering requirements
- protections for blockchain developers
- rules preventing public officials from benefiting financially from crypto ventures
The Senate would then need to pass the legislation and reconcile any changes with the House-approved version before it could reach President Donald Trump’s desk.
XRP Rebound Puts Standard Chartered’s $28 Call in Focus
XRP was trading near $1.50 on Aug. 24, representing a recovery of approximately 29% from the $1.16 low referenced in Standard Chartered’s February outlook.
The rebound, combined with increasingly bullish comments from Trump administration officials and crypto executives, has brought Kendrick’s long-term roadmap back into the conversation.
Kendrick initially predicted in April 2025 that XRP would reach $8 by the end of 2026 and $12.50 by 2028.
He went on to cut the 2026 forecast by 65% to $2.80, but the rest of his thesis remained intact.
| Year |
Revised XRP Target |
Original Target |
| 2026 |
$2.80 |
$8.00 |
| 2027 |
$7.00 |
$10.40 |
| 2028 |
$12.60 |
$12.50 |
| 2029 |
$19.60 |
$12.25 |
| 2030 |
$28.00 |
$28.00 |
Standard Chartered has also maintained a broader bullish outlook for blockchain finance.
The bank expects tokenized real-world assets to reach a market value of approximately $2 trillion by the end of 2028 and has argued that most financial transactions could eventually settle on-chain.
Could XRP Realistically Reach $28?
At a current price of approximately $1.50, XRP would need to climb around 18.7 times to reach $28.
That represents an increase of roughly 1,767%.
With approximately 62.74 billion XRP currently circulating, a $28 price would imply a market capitalization of about $1.76 trillion.
Based on XRP’s maximum supply of 100 billion tokens, its fully diluted value would reach $2.8 trillion.
Reaching that scale would likely require several bullish developments to occur simultaneously.
The CLARITY Act would need to pass the Sept. 15 procedural vote and both subsequent chambers.
Second, XRP investment products would need to attract sustained multibillion-dollar inflows.
Lastly, Ripple and the XRP Ledger would need to see massive growth in payments and institutional infrastructure.
If all that happened. Standard Chartered’s $28 target is mathematically possible. But it remains an enormous expansion from XRP’s current position.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
