XRP at a Crossroads as Senate Punts on Clarity Act
60-second summary
The US Senate's delay on the Clarity Act, a bill aimed at clarifying the regulatory status of XRP, has sent XRP plummeting. The market capitalization of XRP has dropped by 10% in the past 24 hours, with prices falling below $0.40. This uncertainty is weighing heavily on investors, causing a ripple effect through the crypto market.
XRP is taking the Clarity Act news harder than the rest of the crypto market. Here's why.