XRP Holders Face July 23 Deadline as CLARITY Act's Fate Hangs in Balance
XRP holders face a critical two-day countdown as Senator Elizabeth Warren's July 23 deadline for President Trump to disclose personal crypto earnings intersects with the fate of the CLARITY Act. The Digital Asset Market Clarity Act would codify XRP's commodity classification into permanent federal law, replacing a reversible SEC/CFTC interpretation. The bill passed the House 294-134 and cleared the Senate Banking Committee but requires 60 votes in the Senate, where Republicans hold 53 seats but need 7-9 Democratic votes with only about 2 secured. Three disputes are holding up a floor vote: Warren's disclosure request, DeFi developer protections from money-laundering rules, and a Coinbase-versus-banks fight over stablecoin rewards. Missing the August 7 recess deadline could push crypto legislation to 2030. Polymarket traders price 2026 passage odds at 43%. XRP trades around $1.14, down 39.46% year to date.
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