The CLARITY Act Fails 50 to 49: What's Next for XRP, Bitcoin, Ethereum, and Solana Now That Congress Is Done for the Year?

One Senate vote short of a bare majority, the CLARITY Act collapsed and sent XRP tumbling nearly 8% while Bitcoin barely flinched, raising a question that will define every crypto trade this fall: which coins hold their ground on agency…

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On September 15, the Senate voted 49 to 50 against opening debate on the CLARITY Act, falling eleven votes short of the 60 needed for cloture. Every Democrat present voted against the bill, which included an ethics package covering the president’s spouse but excluding his children, whose venture, World Liberty Financial, trades in cryptocurrency.

After the vote, XRP (CRYPTO:XRP) dropped 7.98% to $1.29, while Bitcoin (CRYPTO:BTC) decreased by 1.42% to $75,924. The question now is which decline reflects the impact of the vote and which is due to broader market pressures.

Four Republicans and Every Democrat Opposed the CLARITY Act

For a bill to advance in the Senate, it requires 60 votes for cloture. The motion received 49 votes in favor and 50 against, with Senator Chris Coons not voting. This left the motion eleven votes short of cloture and one vote short of a bare majority.