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Ethics Deadlock Kills CLARITY Act's Final Week & RLUSD Tops Ethereum
Audio is available on Spreaker — see link below.
XRP news today: the CLARITY Act is one week from expiry and stalled on Senate ethics demands, while RLUSD overtakes Ethereum in supply for the first time. XRP holds the critical $1.00 floor as ETF inflows hit $15.6M against derivatives liquidations.
Audio is available on Spreaker — see link below.
The CLARITY Act has one week left on the legislative calendar, and it's stalled. Not on the policy, not on the framework.
Senator Cynthia Lummis went public this week with a firm declaration: the U.S. will pass the CLARITY Act. The framing was explicitly competitive.
Against that backdrop, XRP is trading near one dollar to one dollar and five cents. The one-dollar level is the critical floor.
The more structurally interesting development this week involves RLUSD. For the first time, the XRP Ledger now hosts more RLUSD than Ethereum does.
Grayscale added a macro dimension worth noting. Their warning is direct: if the CLARITY Act fails and the Federal Reserve moves toward rate hikes, Bitcoin is exposed to a further leg down.
What to watch heading into the final week of July: whether a Democratic ethics compromise emerges during recess, whether XRP holds the one-dollar floor into any legislative resolution, and whether RLUSD's ledger dominance over Ethereum expands further or plateaus. The Lummis declaration was the loudest signal of the week.
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