XRP fell more than 8% after the US Senate blocked an effort to advance the CLARITY Act, with a 49-50 vote failing to invoke cloture on a motion to proceed to H.R. 3633, denying the crypto industry a near-term route toward a federal market-structure framework. This legislative setback leaves XRP’s existing treatment as a digital commodity by the SEC and CFTC intact, preserving regulatory clarity the token lacked during much of Ripple’s years-long legal battle with the SEC. XRP fell as low as $1.27 before recovering to around $1.29, extending a decline from roughly $1.42 on September 14. US spot XRP ETFs had attracted approximately $1.71 billion in cumulative net inflows through September 14, placing XRP third behind Bitcoin and Ethereum among major US single-asset spot crypto ETF categories.
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