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XRP Falls Nearly 5% as the Senate Runs Out of Time on the CLARITY Act
The delay deepened crypto market pressure as XRP fell 2% and spot bitcoin funds drew $626 million in inflows, analysts said.
- On Friday, the U.S. Senate confirmed it will not vote on the Clarity Act before its August recess, delaying the landmark crypto market structure bill until September when lawmakers return.
- Senate Majority Leader John Thune cited Democratic opposition for the postponement, noting lawmakers will not return until September 14 to address a backlog including government funding and Russia sanctions legislation.
- Recently, bipartisan senators proposed adding language requiring federal officials to relinquish digital asset holdings worth more than $1 million or exceeding 10% of a company's value, according to POLITICO.
- 1inch deputy general counsel Maylea Ma warned that prolonged regulatory limbo could force a return to "regulation by enforcement," leaving market participants dependent on fragmented state rules.
- OKX executive Haider Rafique warned that failure to pass the act could trigger a sharper decline, potentially pushing bitcoin toward the $55,000 level as markets await September's vote.
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32 Articles
32 Articles
XRP Falls Nearly 5% as the Senate Runs Out of Time on the CLARITY Act
The Senate had two months and a clear path to give XRP holders the legal protection they wanted, then walked away without filing a single motion. Now traders who once gave the bill 82% odds are scrambling to figure out whether September offers a real second chance or just a slower fade.
·Lakewood, United States
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Coverage Details
Total News Sources32
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
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