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Senate Floor Vote Looms, RLUSD Eclipses XRP & $1.09 Holds
Audio is available on Spreaker — see link below.
The CLARITY Act reaches the Senate floor calendar as XRP stalls at $1.09 — but Ripple's institutional wins keep routing through RLUSD, not the token. Today's briefing covers the legislative clock, JPMorgan's XRPL Treasury trade, ETF accumulation, and a clean lending protocol audit.
Audio is available on Spreaker — see link below.
The CLARITY Act just cleared its last procedural hurdle before a full Senate floor vote, and the window to pass it is now measured in weeks, not months. On June first, the bill was placed on the Senate Legislative Calendar, formally eligible for a floor vote.
What makes the timing harder is what's happening right now in the broader legislative environment. President Trump cancelled a scheduled housing bill signing, demanding SAVE Act passage first.
Away from Washington, Ripple posted a string of institutional wins that would look impressive on any company's week. JPMorgan, Mastercard, and Ripple completed a live cross-border tokenized U.S. Treasury redemption on the XRP Ledger, settling a real government debt instrument in under five seconds.
The price chart reflects that gap. XRP trades around one dollar and nine cents, sitting below its EMA twenty at one dollar sixteen and its EMA fifty at one dollar twenty-three.
One genuinely forward-looking development landed on June twenty-fourth. Halborn completed a security re-audit of the XRP Ledger Lending Protocol and found no critical or high-severity vulnerabilities.
Two things deserve the closest attention going forward. The first is whether Senate leadership schedules a CLARITY Act floor vote before the August recess, or whether Trump's SAVE Act demands consume the available calendar space.
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