CLARITY Act Delayed Amid Ethics Concerns as XRP Holds Steady

The CLARITY Act, a key piece of legislation aimed at regulating cryptocurrencies, has hit a snag due to ethics concerns over officials' ties to digital assets. The bill now combines Senate Banking and Agriculture Committee texts with a new provision addressing these issues, prompting debate among Democrats for stronger language on consumer protection and enforcement.

The US Senate may vote on the CLARITY Act before August 7th if the ethics issues are resolved by July 30th. Meanwhile, XRP's price remains steady near $1.10 due to rising derivatives activity and institutional inflows, indicating cautious optimism ahead of key policy decisions from the Federal Reserve.

A Senate vote delay could impact XRP's price momentum amid ongoing regulatory uncertainty, which has been a major concern for investors in the cryptocurrency market.