XRP Community on High Alert Ahead of CLARITY Act Vote
The XRP community is abuzz as the Senate prepares to vote on the CLARITY Act, a bill that could have significant implications for the token's future. The cloture vote, scheduled for September 15 at 2:15 p.m. ET, requires 60 votes out of 100 and has the potential to draw clearer statutory lines between SEC and CFTC oversight of digital assets.
According to CoinGecko's live data, XRP is currently trading at $1.36, up 0.1% over the past 24 hours and holding inside a tight $1.36 to $1.37 range. This calm market behavior has led some analysts to speculate that investors are treating this as a longer-term position rather than a short-term bet on Tuesday's outcome.
Despite the uncertainty surrounding the vote, institutional buying continues unabated, with spot ETFs tracking XRP pulling in $18.98 million this week, almost identical to the $18.96 million recorded the previous week. This steady pace has pushed the funds' September total to roughly $32.29 million so far.