XRP and XLM jump 8% ahead of procedural vote on CLARITY Act
- —XRP rose 8.42% to $1.47, XLM gained 8.44% to $0.1949
- —The procedural vote on the CLARITY Act is set for September 15 and requires 60 votes
- —Republicans control 53 seats, so support from at least 7 Democrats is needed
- —Polymarket puts the odds of passage at 30%, Galaxy Research at 10%
Why it matters: The law would classify XRP and XLM as digital commodities, reducing regulatory uncertainty for payment networks, but low odds of passage limit the rally's durability.
Source: BeInCrypto KR