U.S. CLARITY Act Vote Postponed to September, XRP Leads Decline Among Major Cryptocurrencies
Alina Collins
The U.S. Senate pushed the Clarity Act vote to mid-September, removing the last chance for crypto-regulatory clarity before the August recess. XRP fell over 2% to lead the decline; Bitcoin spot ETFs drew $626 million in three days yet price stayed pinned near $64,300, short of key resistance.
Why was the Clarity Act vote postponed?
The Senate confirmed it will not vote before the August recess. The earliest slot is September 14, when lawmakers return.
Majority Leader John Thune said the September calendar is already packed with government funding and Russia-sanctions bills, leaving roughly three weeks for crypto legislation.
This means → even if the bill gets scheduled, any single delay on a higher-priority item could bump it again.
What is this bill actually trying to fix?
The Clarity Act would draw jurisdictional lines between the SEC, CFTC, and other agencies over different digital assets. It needs 60 votes to pass.
Right now, even 50 votes are uncertain: several Republican senators openly oppose it, while Democrats demand stricter provisions to bar President Trump from profiting on crypto — Trump disclosed over $1 billion in crypto-related income in 2025.
In plain terms = the bill pleases neither side — Republicans think it regulates too much, Democrats think it ignores the president's conflict of interest. Passage is a steep climb.
How did crypto prices react?
XRP fell the hardest — down over 2% on the day to $1.02, with a seven-day loss of 5.5%.
Solana dropped more than 1% to roughly $73, down nearly 2% for the week; Dogecoin slipped close to 1% below $0.07; Ethereum held flat at $1,897.
Bucking the trend: BNB at $591, up 1% on the week; Hyperliquid's HYPE gained 1.3% over seven days, leading major tokens.
Bitcoin ETFs drew half a billion — why didn't the price move?
From August 3 to 5, Bitcoin spot ETFs posted combined net inflows of roughly $626 million — enough to support the $63,000–$64,000 range.
That capital was not enough to breach the $66,000–$66,600 resistance zone. Price sits at about $64,300, nearly flat on the day and the week.
This means → ETF flows are acting as a floor, not a catalyst. The market needs a fresh trigger before it attempts a breakout.
What to watch next week?
The U.S. releases its jobs report and July inflation data — the most important near-term macro signals.
The Fed held rates at 3.50%–3.75% in July, but three officials voted for a hike.
This reflects a divided Fed; strong employment or sticky inflation would lift rate-hike expectations and pressure Bitcoin directly.
Further out, whether the Clarity Act advances on schedule in September is the next key checkpoint for crypto-regulatory sentiment.
Content is for reference only, not financial advice.