The expected outcome of US regulation has shifted from “vote immediately” to “at least wait until September,” which is a more direct blow to $XRP than to the broader market.
In a morning markets page on August 10, CoinDesk wrote that before the Senate left Washington, it had not processed the Clarity Act. XRP fell about 5.5% week over week, making it weaker than most major coins. The same page’s price range section shows XRP down about -1.97% intraday, while $SOL is up about +0.62%, suggesting that capital isn’t indiscriminately fleeing altcoins, but rather repricing regulatory beta.
On the official side, the US Senate’s 2026 calendar lists August 10–September 11 as the State Work Period. Congress.gov shows that H.R.3633 has passed the House of Representatives but remains stalled in the Senate Banking Committee. This means the “clarification of rules” narrative is still intact, but the time value has been stretched.
The bullish scenario is that after the September reconvene period, the agenda is clarified again, and XRP stops falling relative to SOL and ETH. The neutral scenario is continued sideways trading while waiting for the bill text. The bearish scenario is that the vote gets pushed back again or that regulatory messaging keeps changing. The real question is: will the market trade policy certainty first, or will it trade the liquidity discount during the waiting period?
For information only and does not constitute investment advice.
In a morning markets page on August 10, CoinDesk wrote that before the Senate left Washington, it had not processed the Clarity Act. XRP fell about 5.5% week over week, making it weaker than most major coins. The same page’s price range section shows XRP down about -1.97% intraday, while $SOL is up about +0.62%, suggesting that capital isn’t indiscriminately fleeing altcoins, but rather repricing regulatory beta.
On the official side, the US Senate’s 2026 calendar lists August 10–September 11 as the State Work Period. Congress.gov shows that H.R.3633 has passed the House of Representatives but remains stalled in the Senate Banking Committee. This means the “clarification of rules” narrative is still intact, but the time value has been stretched.
The bullish scenario is that after the September reconvene period, the agenda is clarified again, and XRP stops falling relative to SOL and ETH. The neutral scenario is continued sideways trading while waiting for the bill text. The bearish scenario is that the vote gets pushed back again or that regulatory messaging keeps changing. The real question is: will the market trade policy certainty first, or will it trade the liquidity discount during the waiting period?
For information only and does not constitute investment advice.