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Crypto Regulation

XRP Leads Broad Crypto Rally Ahead of Senate CLARITY Act Vote, Fed Decision

Bitcoin rose 2.3% to $79,164, with its session high set in New York, as 79 of the 121 largest non-stablecoin tokens gained and XRP led the advance. The Senate votes Tuesday at 2:15 p.m. on whether to take up the CLARITY Act, while Polymarket traders price the outcome. The S&P 500 held a 0.3% loss.

Original source

AI take

The breadth of the move — most large non-stablecoin tokens higher while equities slipped — suggests crypto is trading on its own legislative catalyst rather than macro risk appetite. XRP's leadership fits, since the CLARITY Act vote is the kind of structural question that has historically mattered most to tokens still fighting over regulatory classification. The procedural nature of the vote is the caveat: taking up a bill is not passing one, and prediction-market pricing implies the market has already assigned probabilities. Whether the rally survives the actual outcome, and the Fed decision alongside it, is the open question.

Generated by AI for reference only.

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