XRP Leads Market Decline Following Senate Rejection of CLARITY Act

XRP dropped over 8% in 24 hours and more than 10% over the week after the US Senate failed to advance the Digital Asset Market CLARITY Act (H.R. 3633) on Tuesday. The bill, which aimed to establish a federal registration regime for digital asset entities and divide oversight between the SEC and CFTC, received only 49 votes, falling short of the 60 required. Analysts noted aggressive selling pressure rather than simple profit-taking, as the token's price remains highly sensitive to legislative developments in Washington. While XRP is down significantly from its July 2025 all-time high, it maintains a 29% gain over the past 30 days.