XRP at a Crossroads as Senate Punts on Clarity Act

In brief

• XRP fell 2.05% in 24 hours to $1.02, the lone red coin among the top 10; every other major is green.
• The Senate left Washington without voting on the Clarity Act, delaying the market-structure bill until at least September.
• XRP trades within a confirmed death cross, but prediction market traders remain optimistic for now.

The Senate left town without taking up the Clarity Act, pushing the market-structure vote to at least September. Every major coin shrugged it off—except XRP.

While Bitcoin stayed flat, dealing with its own headwinds, and Dogecoin gained 1.38% over the day to be the best performer in the top 10 crypto assets by market cap, XRP dropped 2.05%, the only major token to close red.

On a week that saw it fall 3%, it's the weakest of the majors by a wide margin.

The delay isn't just procedural for XRP. The token's entire 2025–2026 rally thesis rested on the U.S. finally deciding what XRP is. The Clarity Act would sort crypto into securities and commodities and, in drafts Decrypt previously reported, would reclassify XRP, Solana, and Dogecoin as non-securities.

That means these coins would fall under the regulatory purview of the CFTC, widely viewed as the more preferable option by crypto industry observers, rather than the historically tougher SEC.