$XRP Related regulatory narrative appeared last night around a node that is easy to misinterpret: the U.S. Senate, with a vote of 49 to 50, failed to pass the procedural motion to advance the “Digital Asset Market Clarity Act.”
This means the bill has not yet entered the next stage for the moment, but it does not mean the Senate has already issued a final rejection of the bill’s provisions, nor that a court has re-adjudicated XRP. The judicial outcomes previously reached around XRP will also not be automatically erased by a single legislative procedural vote.
The real disagreement centers on ethical constraints, anti-money-laundering measures, prediction markets, and the enforcement capacity of regulators. The next step should be to watch whether the revised text will restart the process, and what rules the SEC and the CFTC will lay out before Congress passes legislation. #U.S. crypto regulation
This means the bill has not yet entered the next stage for the moment, but it does not mean the Senate has already issued a final rejection of the bill’s provisions, nor that a court has re-adjudicated XRP. The judicial outcomes previously reached around XRP will also not be automatically erased by a single legislative procedural vote.
The real disagreement centers on ethical constraints, anti-money-laundering measures, prediction markets, and the enforcement capacity of regulators. The next step should be to watch whether the revised text will restart the process, and what rules the SEC and the CFTC will lay out before Congress passes legislation. #U.S. crypto regulation
