CLARITY Act Delay Puts XRP Institutional Inflows and $8 Price Target at Risk

The U.S. Senate formally set aside the Digital Asset Market CLARITY Act on July 28, 2026, redirecting its floor schedule toward a Russia sanctions bill and federal nominations, effectively foreclosing a vote before the chamber’s August 7 recess begins – and with it, any near-term statutory path to cementing XRP commodity classification in federal law. This is not simply a scheduling casualty. It is a structural inflection point for an asset class whose institutional buildout, custody products, bank balance-sheet treatment, and spot XRP ETF inflows – depends on legislative permanence that agency-level rulings cannot reliably provide. EXPLORE: Best Meme Coins to Buy for August CLARITY Act News: How the Senate Calendar Closed Before a Cloture Vote Was Filed The CLARITY Act reached the Senate floor calendar on June 1, 2026, as Calendar No. 423, after the Senate Banking, Housing, and Urban Affairs Committee advanced it on May 14 by a 15–9 vote – all 13 Republicans joined by Democrats Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, both of whom conditioned broader support on stronger ethics provisions. Senate Majority Leader John Thune had not filed a cloture motion as of mid...