The vote on the CLARITY Act, scheduled for September 15, could have significant repercussions on XRP’s price. This bill aims to create a federal regulatory framework for the crypto asset market, which would be particularly beneficial for XRP following its regulatory dispute with the SEC. If the cloture vote fails, XRP could drop 7% to 10%, falling from $1.40 to approximately $1.20-$1.25. If the market interprets this result as a delay in US crypto legislation, a more significant decline toward $1.10 would be conceivable. The combination of a failed vote and a hawkish Fed decision could drive XRP down to $1.00.
Source: Read the original article
