XRP's Legislative Hurdle Threatens to Undo Three Years of Legal Progress
Veröffentlicht: 15.07.2026 um 08:42 Uhr, Redaktion boerse-global.de
Three years after a landmark court decision pulled XRP from regulatory limbo, the token is trading just above its 52-week low — and the culprit is no longer the SEC. It is a stalled bill on Capitol Hill.
XRP changed hands at around $1.10 on Friday, barely a dime above the $1.01 floor it set in the past year. The token has shed 41% since January and sits nearly 70% below the peak of $3.65 it hit in July 2025. The market cap hovers at roughly $69.3 billion, good for sixth place among cryptocurrencies.
The CLARITY Act, which would enshrine XRP’s commodity status into federal law, has been stuck in the Senate since it cleared the Banking Committee on June 1. The bill needs 60 votes to pass. Republicans hold 53 seats, but Senators Josh Hawley and Rand Paul are expected to vote no, dropping the realistic tally to about 51 — well short of the threshold.
Three sticking points are holding up a floor vote: how to handle crypto income tied to Donald Trump, rules for decentralized finance platforms, and the treatment of stablecoin yields. The Senate is aiming for its summer recess in early August. If the window closes, midterm elections could push any crypto legislation into 2027 or beyond.
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Alex Thorn, head of research at Galaxy Research, has cut his estimate for enactment this year from 60% to 50%. Without rapid progress, he warned, the calendar only tightens come September.
The legal backdrop should be reassuring. On July 13, 2023, Judge Analisa Torres ruled that while Ripple’s institutional XRP sales violated securities law, sales to retail investors on public exchanges did not. The decision sent XRP soaring more than 70% in a single day and prompted exchanges like Coinbase, Kraken, and Gemini to relist the token. In August 2024, the court imposed a $125 million civil penalty on Ripple and barred future unregistered institutional sales. Both sides dropped their appeals in August 2025, cementing the ruling: XRP itself is not a security, and programmatic sales are exempt.
Since then, Ripple has steadily deepened its institutional footprint. BNY Mellon stepped in as the primary custodian for RLUSD reserves. The company acquired Standard Custody & Trust Company in June 2024. New partnerships — including strategic alliances with South Korea’s BDACS and the tokenization platform Ctrl Alt for the Dubai Land Department’s real estate project — have broadened XRP’s use case.
Spot ETFs based on XRP have drawn cumulative inflows of about $1.48 billion. Ripple also secured a license to operate in Europe.
Yet the price has barely budged. The pattern is straightforward: banks and payment firms are reluctant to build infrastructure around an asset whose legal status could shift under a future administration. A court ruling can be overturned; a statute is permanent. Until the commodity classification is written into law, Ripple’s partnership wins do not translate into sustainable token demand.
CEO Brad Garlinghouse added a human footnote this week, disclosing that in December 2020 — during the height of the SEC lawsuit — the board briefly considered dissolving the company and distributing XRP holdings to shareholders. They chose instead to fight, spending $150 million on legal fees. CTO emeritus David Schwartz later clarified that Garlinghouse never seriously entertained shuttering the firm, but the episode underscored the stress the litigation placed on the business.
Technically, the $1 mark is the line in the sand. Damian Chmiel, a senior analyst at Finance Magnates, warned that a break below that level could open the door to $0.67, $0.47, and even $0.29 in a worst case. The relative strength index sits at 48.3, indicating neither oversold nor overbought conditions, but the current price is more than 23% below the 200-day moving average of $1.44 — a clear sign of medium-term weakness.
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Some observers believe the $1 support can hold, but only if either the CLARITY Act passes in time or Bitcoin stays above $60,000. Neither scenario looks likely at the moment.
Forbes recently ranked XRP fourth among the top ten cryptocurrencies, trailing only Bitcoin, Ethereum, and BNB, citing real-world use cases, market size, and trading activity. But the ranking reflects potential, not price momentum.
The clock is now the dominant variable. If the Senate fails to schedule a vote before the August break, the token’s technical floor will face its sternest test yet. Three years after Torres opened the door, XRP is still waiting for Washington to let it walk through.
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