XRP falls hard after CLARITY vote as Ripple’s regulatory advantage faces a new test

XRP fell more than 8% after the Senate blocked a key crypto bill, even as the token’s existing US regulatory treatment remained intact.

CryptoSlate data showed XRP falling as low as $1.27 before recovering to about $1.29 as of press time, extending a decline from roughly $1.42 on Sept. 14. The selloff coincided with broader weakness across major cryptocurrencies and a wave of leveraged long liquidations.

The price action followed US lawmakers’ rejection of an effort to advance the Digital Asset Market Clarity Act. The 49-50 vote failed to invoke cloture on a motion to proceed to H.R. 3633, denying one of the crypto industry’s biggest legislative priorities enough support to reach Senate debate and removing a near-term route toward putting a federal market-structure framework into statute.

Ripple Chief Executive Brad Garlinghouse said the result “stings,” but argued that it does not alter the company’s commercial trajectory. He pointed to demand across traditional finance and the digital-asset industry, saying the failed vote does not change Ripple’s momentum, global footprint or customer base.

Ripple turns to regulators as Congress stalls

Ripple's confidence rests partly on the regulatory ground XRP gained before the CLARITY vote, which Chief Legal Officer Stuart Alderoty argues remains intact despite the Senate setback.