XRP Plunges 9.4% After Senate Vote Fails and Federal Rate Decision Looms
XRP plummeted by 9.4% in the past 24 hours, marking its worst performance among major cryptocurrencies.
The decline was triggered by a Senate cloture vote on the CLARITY Act, which aimed to make XRP's commodity status under U.S. law permanent.
However, the bill failed with a vote of 49 to 50, leaving XRP's status uncertain and contributing to its sharp drop.