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Senate Cloture Vote & Fed Decision: XRP's 48-Hour Risk Window
Audio is available on Spreaker — see link below.
XRP faces its most compressed risk window in months as the Senate votes on CLARITY Act cloture and the Fed delivers its rate decision within 48 hours of each other. XRPL on-chain data shows institutional consolidation, RLUSD supply surged 642%, and Grayscale is pushing for confidential ETF filings.
Audio is available on Spreaker — see link below.
Within the next forty-eight hours, XRP faces two decisions that could reshape its regulatory and macro environment simultaneously. Tomorrow, the Senate votes on cloture for the CLARITY Act.
The macro side shifted first. Fed Governor Christopher Waller said on September third that he'd support holding rates if inflation data allows.
On the regulatory side, the CLARITY Act cloture vote is the immediate test. Cloture needs sixty votes to advance Senate debate.
Away from the macro and legislative headlines, the on-chain picture for XRPL shifted in the second quarter of this year. Daily order-book trading averaged three point five seven million XRP, up seventy-nine percent year over year.
The stablecoin story reinforces that institutional infrastructure is building. RLUSD supply on XRPL averaged five hundred thirty-nine million dollars in the second quarter, up six hundred forty-two percent year over year from seventy-three million.
One more development worth tracking. On August thirty-first, Grayscale and twenty-one Shares asked the SEC to allow optional confidential draft registrations for crypto ETF filings.
Two watchpoints define the next seventy-two hours. First, the Senate cloture vote.
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