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Senate Math, Ethics Deadlock & XRP at $1.08 | Jul 15
Audio is available on Spreaker — see link below.
The CLARITY Act is one vote short of a Senate floor vote — but three unresolved fights on ethics, developer liability, and stablecoin yield could kill it before August 7th. XRP holds at $1.08 as Ripple locks in full MiCA authorisation across Europe.
Audio is available on Spreaker — see link below.
The CLARITY Act is one yard from the goal line, and three unresolved fights could stop it cold. Coinbase's VP of regulatory affairs declared on July thirteenth that the bill is within striking distance of a Senate floor vote.
The first is the most politically charged. Trump disclosed one point four billion dollars in crypto income, including six hundred thirty-six million from memecoins.
The second dispute sits inside Section 604, which would shield decentralized software developers from liability for how their protocols are used. Law enforcement agencies oppose it.
The third fight is narrower but stubborn. The bill includes compromise text restricting stablecoin issuers from paying interest.
Senator Lummis has set the terms plainly. If the CLARITY Act doesn't pass before the August seventh recess, she believes Congress won't revisit crypto legislation until twenty thirty.
Away from the Senate, Ripple secured full Markets in Crypto Assets authorization in Luxembourg. That unlocks regulated operations across all European Economic Area member countries.
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