XRP Plummets 8% as US Senate Fails to Pass Landmark Cryptocurrency Bill

The XRP price has plummeted over 8% in the past 24 hours after the U.S. Senate failed to advance the Digital Asset Market Clarity Act, a landmark bill designed to provide regulatory clarity for digital assets.

The legislation required 60 votes to move forward but fell short, leaving the industry uncertain about its future treatment of cryptocurrencies like XRP.

For XRP, which has been at the center of regulatory debates for years, the Clarity Act was seen as a potential step toward greater legal certainty. Instead, the Senate vote leaves the industry reliant on existing agency guidance and future regulatory actions.