XRP fell below a key support level, signaling more uncertainty after the CLARITY bill failed to advance. Garlinghouse commented on the matter.
- The CLARITY Act, a proposed digital asset legislation, failed to pass the US Senate, causing XRP and other cryptocurrencies to drop significantly.
- Ripple CEO Brad Garlinghouse expressed disappointment but stated that the digital asset market can still grow without the bill, with the SEC and CFTC expected to continue formulating rules.
- Despite the legislative setback, Garlinghouse believes the failure will not impact XRP's momentum, international expansion, or investor demand, though market uncertainty has increased.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s
Tags: #xrp #clarityact #bradgarlinghouse #ripple #sec #cftc #digitalassets #regulation #priceaction #marketuncertainty
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