XRP Tumbles to $1.02 as Senate Delays Crypto Clarity Bill

XRP dropped to $1.02 on Friday as the U.S. Senate postponed a vote on the CLARITY Act until at least September, removing a key near-term catalyst for the market.

The delay comes after years of legal uncertainty over whether XRP is a security or a commodity, with some analysts warning that this could lead to further losses in August and beyond.

XRP fell 2.05% on Friday and roughly 3% for the week, cementing its position as the weakest performer among the top 10 crypto assets by market capitalization.