XRP Gains Ahead of CLARITY Act Vote Amid Uncertainty

XRP is up 6.4% in the last 24 hours to $1.48, ahead of Tuesday's cloture vote on the CLARITY Act.

Republicans have released what they call their 'last, best and final offer' on the bill, but passage remains uncertain as it requires at least seven Democrats to cross over from opposition.

Treasury Secretary Scott Bessent has reaffirmed his support for the bill, stating that it's essential for America to win the global technology race. He also emphasized that if stablecoins cause harm to community banks, he will take action.

However, eight banking groups have escalated their opposition to the bill's stablecoin provisions, arguing that the new deposit-flight safeguard doesn't go far enough.