XRP ETF Story Stalls as Washington Drag Its Feet on CLARITY Act

The XRP ETF story is stalled due to legislative delays in Washington.

The Senate's consideration of the Digital Asset Market CLARITY Act has been pushed beyond its August 7 recess, with mid-September being the earliest plausible window for floor action.

This delay is starting to affect institutions, with a sharp cooling in U.S. spot XRP ETF demand seen in data from May to July, with monthly inflows falling by nearly 93% week-over-week to about $1 million.

XRP's near-term price behavior is now tied to legislative tempo, with positioning splitting between institutional wrappers and on-chain whales.