Regulation· ★★★· bearish·

Lawyer Deaton: partisan fight could kill CLARITY Act, XRP holds above $1.40

  • Deaton: Democrats will vote against the CLARITY Act due to partisan politics ahead of elections
  • The bill's chances of failure are estimated at 81%
  • The Bitwise XRP ETF attracted $11.26 million on Sept. 15, the most since Aug. 28
  • XRP open interest on Binance fell by 53 million coins over 30 days
Why it matters: Failure of the CLARITY Act would keep regulatory uncertainty in the US and could increase pressure on altcoins, including XRP.
Source: CoinGape