XRP Price Takes Hit as Senate Delays CLARITY Act Vote

The XRP price has been trading near $1.03 due to the U.S. Senate's delay in voting on the CLARITY Act, which had a negative impact on Ripple's chart.

Market data from CoinGecko shows that XRP recorded a near 2% decline over the past 24 hours, with an intraday range of $1.0153 to $1.039, keeping its market capitalization at around $64.7 billion.

The Senate Majority Leader John Thune confirmed on August 7 that consideration of the CLARITY Act will resume after the legislative recess, removing an immediate regulatory tailwind in the US.