XRP Treads Water at $1 as Senate Fails to Act, CFTC Steps In

XRP is currently trading at $1.009, holding its ground since the Senate skipped its vote on the CLARITY Act and went into recess.

The bill would have written XRP's legal status into federal law, but its next window of opportunity opens when senators return in September.

The Commodity Futures Trading Commission (CFTC) is preparing for Clarity by holding its first Innovation Advisory meeting on August 20, where Ripple CEO Brad Garlinghouse will sit alongside other industry executives.