XRP Stuck in Regulatory Limbo as CLARITY Act Faces Another Senate Delay

XRP's price held steady at $1.42 on Sunday, despite some volatility in cryptocurrency markets over the past week.

The market awaits the FOMC meeting on September 15-16th, but XRP remains vulnerable to Washington politics due to another Senate delay of the CLARITY Act.

The legislation aims to define regulatory roles for the Securities and Exchange Commission and Commodity Futures Trading Commission, but its progress has been hindered by disagreements over ethics restrictions, stablecoin rewards, decentralized finance protections, and the balance between financial regulators.

XRP held above $1.40 despite the setback, suggesting buyers are still defending the token's immediate support area.