NewsMV
The CLARITY Act failed to advance in the Senate on Tuesday. $XRP shares tumbled below key support levels in the 24 hours that followed, but institutional demand held.
spot XRP ETFs recorded zero outflows on September 15, compared with $450.3 million in net outflows from Bitcoin ETFs and $141.5 million from Ethereum ETFs on the same session.
Ripple CEO Brad Garlinghouse said the legislative outcome "stings," attributing the failure to what he called "the politics of the democrats" and calling for a post-mortem on why negotiations fell apart.
Ripple and the broader crypto industry had invested significant effort to push the bill across the finish line, he noted. In his framing, consumers and U.S. competitiveness were left behind.
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