$XRP
The Senate voted 49 to 50 on September 15 to block the CLARITY Act. The bill would have tagged XRP as a commodity under U.S. law, per CryptoTimes. XRP fell nearly 10% in hours. Over $300 million in long bets were closed across the market. One day later, the Fed raised rates by 25 basis points to 3.75% to 4%, the first increase since July 2023. Crypto barely flinched.
Bitcoin held above $81,000, and XRP bounced back above $1.30. Grayscale described the increase as a single adjustment, not an opening shot in a longer series, per crypto.news. The bill is not dead, but its odds for 2026 dropped to 5% on Polymarket. For XRP, that leaves the path to $2 without a clear date.

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