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Senate Floor Vote, UBS & BofA ETF Stakes, XRP Reserves at 7-Year Low
Audio is available on Spreaker — see link below.
The CLARITY Act hits the Senate floor with a July 4 signing target, while UBS, Bank of America, and Goldman Sachs pour into XRP ETFs and exchange reserves crater to a seven-year low. Everything you need to know about the forces converging on XRP right now.
Audio is available on Spreaker — see link below.
The CLARITY Act is now on the Senate floor calendar, the White House has set a July 4 signing target, and XRP's regulatory future could be decided within weeks. That's not background.
The institutional signal is already moving before the vote. UBS and Bank of America took first-time XRP ETF stakes in May.
The supply picture adds a separate layer of pressure. XRP exchange reserves have fallen to one point six billion tokens, a seven-year low and roughly fifty percent below the October twenty-twenty-five peak of three point seven six billion.
The Garlinghouse-Dimon dispute is worth a moment. Ripple's CEO publicly accused JPMorgan's CEO of intentional misrepresentation about how the CLARITY Act affects payments revenue.
RLUSD hit one point seven billion in market cap this week, now ranking eighth globally among stablecoins. Gate.io launched XRP/RLUSD trading pairs with a seven hundred and fifty thousand RLUSD incentive program.
The macro setup is the counterweight. The June seventeenth FOMC dot plot showed nine of eighteen members projecting a rate hike by year-end.
Two things narrow the view from here. The Democratic crossover count is the real vote.
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