XRP Defends $1 by a Cent Since CLARITY Act Slipped. Now CFTC Steps In

XRP traded at $1.009 on Thursday. It has been pinned to that dollar line since the Senate skipped its CLARITY Act vote and left for recess.

That bill would write XRP's legal status into federal law. Its next window opens when senators return in September. The Commodity Futures Trading Commission (CFTC) has signaled it will not wait.

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XRP Peaked the Day the House Passed the Bill

One date frames the whole story. XRP set its record high of $3.65 on July 17, 2025. The House passed the CLARITY Act that same day. The vote was 294 to 134, with every Republican in the chamber voting yes.

The XRP price now sits about 72% below that peak. It is down 2.9% over the past week and 8.7% over the past month.

The bill has crawled since. Senate Banking advanced it 15-9 in May. It still needs 60 votes on the floor, and senators went home in August without holding that vote.

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