XRP and XLM surged more than 8% on September 14, with XRP climbing to $1.47, up 8.42%, and XLM reaching $0.1949, gaining 8.44%. This rally was driven by traders positioning ahead of a pivotal Senate procedural vote on the CLARITY Act, which aims to clarify jurisdiction between the SEC and the CFTC by classifying certain digital assets as commodities. The bill could codify the status of XRP, XLM, and HBAR as digital commodities, reducing legal uncertainty that has constrained institutional participation. The cloture vote is scheduled for September 15 at 2:15 p.m. ET, requiring 60 votes to advance while Republicans hold only 53 seats. Prediction markets remain skeptical: Polymarket prices passage odds at 30% and Galaxy Research estimates just 10%.
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