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Senate Cloture Math, RLUSD in CFO Platforms & XRP at $1.39 | Sep 16
Audio is available on Spreaker — see link below.
The CLARITY Act heads to a Tuesday cloture vote with passage odds at just 32%, while Ripple pushes RLUSD into corporate treasury workflows and XRP holds $1.39 with fading momentum. Today's briefing covers the Senate math, XRPL lending amendments, ETF repo collateral, and Bitcoin dominance squeezing altcoins.
Audio is available on Spreaker — see link below.
The Senate votes Tuesday on whether the CLARITY Act clears its sixty-vote threshold, and right now the math is genuinely uncertain. Republicans say they've satisfied Democratic concerns after accepting one hundred twenty-six changes to the bill, including conflict-of-interest rules for federal officials and emergency Treasury authority over stablecoin rewards.
While the legislative picture develops, Ripple is moving on the institutional infrastructure side. The company has integrated RLUSD and XRP into the GTreasury platform, which handles treasury workflows for corporate CFOs.
On the lending side, two XRPL amendments, designated XLS-sixty-five and XLS-sixty-six, now support uncollateralized institutional lending through what the protocol calls Single Asset Vaults. Ripple has announced partnerships with Clearpool and Cicada Partners to operationalize this infrastructure.
There's a quieter development worth tracking carefully. A September eighth SEC filing shows XRP ETFs are now being used as repo collateral by Schwab, with usage growing.
On price, XRP is holding at one dollar thirty-nine, which keeps it above its daily moving averages. Structurally, the chart is constructive.
The broader market adds pressure. Total crypto market cap fell roughly two percent over the past twenty-four hours while Bitcoin dominance climbed to fifty-eight-point-nine percent.
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