XRP Price Recovers After CLARITY Act Failure, Traders on High Alert
XRP's price has recovered after the CLARITY Act failed in the US Senate, and is now trading at $1.39 according to CoinGecko data.
This represents a 7% gain from the previous day, with the daily range running from $1.29 to $1.40.
The trigger for this recovery was not specific to XRP, but rather a change in mood across the entire market, driven by a CFTC filing on September 17.
This filing consists of two rule proposals titled Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets, which were sent to the Office of Information and Regulatory Affairs for review.
The content of these proposals has not been published, and the CFTC has not commented on details. This is an early procedural step, with binding rules expected to emerge in 2027.