XRP Hangs in Balance Ahead of Critical Senate Vote and Fed Decision
XRP has been hovering around $1.36 as market participants await two significant developments scheduled for this week.
The first major event is a Senate cloture vote on the CLARITY Act, which requires 60 affirmative votes to advance and will take place on September 15.
The legislation aims to regulate decentralized finance protocols that claim decentralization while maintaining centralized operational structures. Under the revised framework, such platforms would face CFTC registration requirements and must adhere to Bank Secrecy Act obligations.
Meanwhile, President Trump convened with advisers on Friday regarding ethics provisions within the proposed cryptocurrency legislation, leaving questions surrounding ethics language and stablecoin reward mechanisms without resolution.