XRP Gains Retail Access in Hong Kong as US Senate Advances Clarity Act

On July 29, OSL Digital Securities, a SFC‑licensed platform in Hong Kong, opened retail access to XRP, making the cryptocurrency the fourth digital asset available for individual investors on the exchange. Customers can trade XRP/USD through the platform’s Flash Trade service, while an OTC desk handles XRP/USD and XRP/HKD pairs, with settlements on the XRP Ledger. The launch provides a regulated fiat gateway for Hong Kong residents, includes a $1 billion insurance cover for custodial assets, and reflects a broader Asian trend of listing crypto products under licensed frameworks.

Meanwhile, the U.S. Senate is nearing a deadline on the Digital Asset Market Clarity Act, with a seven‑day window before the August recess to resolve an ethics provision that would bar senior officials and their families from creating or endorsing crypto projects. Senators Thom Tillis and Ruben Gallego are negotiating the language after earlier drafts failed to secure bipartisan support. The outcome will shape the United States’ regulatory framework for digital assets, influencing market structure, institutional participation, and future legislative timing.