XRP Surges Ahead of Senate Vote on CLARITY Act and Fed Rate Decision

Cryptocurrency token XRP surged past $1.38 on September 14, 2026, gaining 6.4% in 24 hours to reach $1.48 as investors awaited a crucial Senate vote on the CLARITY Act.

The momentum follows a revised proposal from Senate Republicans ahead of Tuesday's cloture vote, which increased the probability of the bill passing in 2026 from 10% to 25%, according to Galaxy Digital research head Alex Thorn.

The proposed legislation requires at least 60 votes in the Senate, meaning a minimum of seven Democrats must join Republicans. This comes as the Federal Reserve prepares to announce its interest rate decision on Wednesday, with markets pricing in an 88% chance of a hike between 3.75% and 4.00%, following steady 3.4% August inflation data.