Browsing: Setback

Interestingly, that’s the type of conversation that erupted on social media after the Senate’s failed attempt to pass the act on the 15th of September. From a technical perspective, however, it’s too early to jump to any conclusions about the CLARITY Act’s irrelevance to the crypto market. Following the failed vote, the total crypto market…

Bitcoin(CRYPTO: BTC) dropped below $76,000 as Ethereum(CRYPTO: ETH), Solana(CRYPTO: SOL) and Dogecoin(CRYPTO: DOGE) and XRP(CRYPTO: XRP) struggle to hold key levels after the Senate failed to advance the CLARITY Act and the Federal Reserve raised interest rates by 25 basis points.

$XRP has fallen close to 9% over the past 24 hours to trade near $1.30 on Sept. 16, leaving the token around 7% below the $1.40 level it held before the latest selloff.

In Ripple news today, the US Senate voted 49-50 on September 15, 2026, against invoking cloture on the motion to proceed to the CLARITY Act, falling 11 votes short of the 60 needed to advance the crypto market-structure bill.

XRP, in fact, is one of the worst performers today after the failure of the CLARITY Act’s cloture. ByJordan Lyanchev

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Ripple and MicroStrategy told investors nothing legal changed for XRP and Bitcoin (BTC) after the Senate blocked the CLARITY Act on Tuesday. The bill would have written crypto’s US market rules into federal law.

The SEC faces a significant challenge as the CLARITY Act did not advance in the Senate today, a setback highlighted by Coinbase CEO Brian Armstrong. He expressed disappointment but remains optimistic about the SEC and CFTC’s existing tools to establish clearer rules. This development emphasizes the urgency for comprehensive regulations in the crypto space, which…