XRP Price Eyes Breakout as CLARITY Act Momentum Builds Ahead of September 15 Vote

The price of XRP hovered around $1.37 on August 31 as markets weighed renewed progress surrounding the United States cryptocurrency framework.

The approaching September 15 Senate vote presents a major catalyst for XRP traders, with Senators set to vote on a cloture motion at 2:15 p.m. to approve the Digital Asset Market Clarity Act.

The measure requires a 60-vote threshold before the chamber gets to a formal debate of the proposed regulatory framework, and its success would only take the discussion to the next stage, not guarantee approval.

CFTC Chair Michael Selig has expressed confidence around the September 15 Senate vote on the CLARITY Act, but Democrats have demanded greater protections relating to political officials and cryptocurrency profits.