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Warren's 40 Amendments, XRP ETF Outflows & the Banking Access Risk | May 14
Audio is available on Spreaker — see link below.
Senator Warren's 40 CLARITY Act amendments threaten to block crypto firms from Federal Reserve master accounts — a direct hit to XRP's U.S. banking infrastructure access. Plus: XRP drops 1.7%, spot ETF outflows hit $30M, and Ripple CTO David Schwartz warns of escalating airdrop scams.
Audio is available on Spreaker — see link below.
Forty amendments. That's what Senator Elizabeth Warren dropped on the CLARITY Act markup today, and the specific target makes this more than the usual political friction.
Here's the practical question. Warren has filed aggressive amendments before, and crypto has beaten them back.
XRP dropped one point seven percent on May fourteenth to one dollar forty-three, and the cause is split between macro and market structure. Hotter-than-expected U.S. inflation data pushed the broader crypto market lower.
The more consequential data point may be the ETF flows. XRP spot ETFs saw thirty point one two million dollars in net outflows during March.
On a separate front, Ripple CTO David Schwartz issued a public warning today about a significant escalation in fraudulent airdrops impersonating Ripple. The message is direct: Ripple doesn't run giveaways.
Two things are worth tracking closely from here. The first is how many of Warren's forty amendments survive the CLARITY Act markup process, and whether the master account restriction makes it into final language.
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