XRP Soars Ahead of Crucial CLARITY Act Vote
XRP saw significant gains on Monday, reaching a three-week peak of $1.50 after surging from under $1.35.
The price was rejected at this level but remains close to $1.40 ahead of the highly anticipated CLARITY Act vote in the US Senate.
The Senate is expected to vote on cloture for the motion to proceed with the landmark crypto market-structure legislation, which would establish a durable statutory framework dividing oversight between the SEC and CFTC and provide clearer rules for digital-asset intermediaries.
If the bill passes, it could bring more regulatory certainty to XRP, which already enjoys some level of clarity compared to its years-long battle with the SEC. However, analysts are warning that volatility is likely to increase if the bill passes.