Story perspectives

Revised CLARITY Act advances as Senate cloture set Sept. 15

By Drooid · Sep 15, 2026, 2:51 AM UTC · How we work

Summary

Senate votes CLARITY

Senate cloture vote on the CLARITY Act scheduled for Sept. 15.
Cloture needs 60 votes; Republicans have 53 seats, so Democrats support it.
Revised bill adds a Treasury 18-month circuit breaker on stablecoin rewards if deposits leave banks.
It imposes ethics rules limiting crypto holdings for the president, vice president, Congress members and judges.
Seventeen attorneys general, led by New York AG Letitia James, oppose the bill, citing preemption of securities enforcement.

Summary

XRP rallies post-Trump

XRP rose 3.9% to $1.39 after President Donald Trump’s ethics concession on the Clarity Act.
XRP outperformed Bitcoin, gaining over three times Bitcoin’s 1.3% rise.
Polymarket odds the bill becomes law rose from 18% to 21.5% after the draft release.
Analysts cut the projected 2026 passage probability for the Clarity Act from 50% to 30%.

History

Historical Context

After NYDFS released a BitLicense proposal on July 17 2014 and enacted it on August 8 2015, Governor Andrew Cuomo’s push forced multiple crypto firms—including Circle, which earned the first license in September 2015, and Ripple’s XRP II, awarded the second on June 13 2016—to register. The Senate’s CLARITY Act now mirrors that framework, extending similar compliance requirements nationwide.

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Senate votes CLARITY

Senate cloture vote on the CLARITY Act scheduled for Sept. 15.
Cloture needs 60 votes; Republicans have 53 seats, so Democrats support it.
Revised bill adds a Treasury 18-month circuit breaker on stablecoin rewards if deposits leave banks.
It imposes ethics rules limiting crypto holdings for the president, vice president, Congress members and judges.
Seventeen attorneys general, led by New York AG Letitia James, oppose the bill, citing preemption of securities enforcement.

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