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XRP (XRP) fell to about $1.02 on Friday after the Senate delayed its CLARITY Act vote, reviving warnings of a 14% average August drop. Key Points: The Senate pushed its CLARITY Act vote to September after Democrats declined to clear a procedural path before the August recess. Analyst ChartNerd count

The U.S. Senate delayed a procedural vote on the Clarity Act until September, narrowing the window for a major crypto market structure bill before November elections. Key Points: The Senate moved the Clarity Act vote to September after failing to resolve disputes before recess. Supporters still need

Prediction-market traders now view CLARITY Act passage in 2026 as unlikely after John Thune declined to start a Senate cloture process before the August recess. Key Points: Kalshi-based reporting put the chance of enactment this year at 27% after Tuesday’s delay. The Senate has only days before its

Bitwise CIO Matt Hougan says crypto can keep advancing if Congress misses this week’s deadline to move the Clarity Act before the Senate recess. Key Points: Hougan expects crypto markets and onchain finance to expand even without the Clarity Act. SEC rules could provide faster relief, but a future a

One year after the GENIUS Act was signed into law, stablecoins have gained legitimacy as a business payment rail, but industry executives say the next phase will depend on whether regulators can turn issuance rules into workable banking and settlement infrastructure. The law, signed on July 18, 2025