XRP Price Surges Ahead of CLARITY Act Vote as Treasury Secretary Weighs In

XRP is trading at $1.48, up 6.4% over 24 hours, as momentum builds ahead of Tuesday's cloture vote on the CLARITY Act.

The Republicans have released their 'last, best and final offer' on CLARITY, which Treasury Secretary Scott Bessent says is essential to ensuring America wins the global technology race.

Bessent emphasized that if stablecoins cause harm to community banks, he will not hesitate to use the new tools at his disposal to ensure they remain fully protected.

However, eight banking groups have escalated their opposition to the bill's stablecoin provisions, arguing that the new deposit-flight safeguard doesn't go far enough and pushing for broader limits on interest-like stablecoin rewards.