XRP has taken the hardest hit among majors, sliding roughly 7.3% to around $1.31 in the wake of the CLARITY Act's failed Senate cloture vote, since XRP's regulatory classification stood to benefit most directly from the bill's SEC/CFTC jurisdictional split. Senator Elizabeth Warren was among the most vocal opponents, arguing the bill could "decimate the guardrails that were put in place after the Great Depression," while Senator Cynthia Lummis had spent weeks publicly pressing Democratic colleagues to back the measure as bipartisan, unfinished business.
With cloture requiring 60 votes and only 50 senators voting yes, comprehensive federal crypto rules may now slip into 2027, according to lawmakers involved in drafting the legislation. Coinbase CEO Brian Armstrong offered a silver lining, noting that even without CLARITY, "the SEC and the CFTC have said that they're ready to publish rulemaking," meaning regulatory clarity could still arrive through agency action rather than Congress.
#XRP #Ripple #CLARITYAct #CryptoRegulation #SenateVote
With cloture requiring 60 votes and only 50 senators voting yes, comprehensive federal crypto rules may now slip into 2027, according to lawmakers involved in drafting the legislation. Coinbase CEO Brian Armstrong offered a silver lining, noting that even without CLARITY, "the SEC and the CFTC have said that they're ready to publish rulemaking," meaning regulatory clarity could still arrive through agency action rather than Congress.
#XRP #Ripple #CLARITYAct #CryptoRegulation #SenateVote
