Senate Democrats are meeting Sunday night to hash out an unresolved ethics provision in the Digital Asset Market Clarity Act before Tuesday's cloture vote. The bill still lacks 60 votes, and ChatGPT's price modeling, as cited by CryptoPotato, suggests XRP could drop toward $1.20-$1.25 — or lower — if the vote fails.
Senate Majority Leader Chuck Schumer is convening a Democratic caucus meeting Sunday evening to discuss the Clarity Act ahead of Tuesday's procedural vote, according to two people familiar with the closed-door talks. About a dozen Democrats have spent months negotiating the bill, but three buckets of unresolved issues remain, with no clarity on whether they'll be settled before the vote.
Chief among them is an ethics provision that would limit President Trump's ability to profit from his family's crypto ventures, an issue Trump himself discussed with advisers Friday. Republicans, meanwhile, have urged Democrats to advance the bill and keep negotiating once it reaches the floor.
Votes remain short as the deadline nears
Cloture on the Digital Asset Market Clarity Act requires 60 votes, meaning Republicans need support from Democrats or independents even with full party backing. According to CoinDesk: "not 60 votes for the bill" existed as of Friday afternoon, though negotiations were expected to stretch through the weekend.
Industry participants broadly seem pessimistic that the bill will advance, and if it fails this week or can't clear the Senate this month, that all but ensures it won't become law in 2026. A newer narrative holds that the SEC and CFTC could fill some regulatory gaps through rulemaking instead, but interest groups are almost certain to sue regardless of what the agencies do, and that litigation could drag the process out through Jan. 20, 2029.
XRP faces the sharpest reaction if the vote fails
XRP trades near $1.40, above key support at $1.34-$1.35 but still below the resistance at that level. CryptoPotato asked ChatGPT for its take, and the AI tool envisioned that if cloture fails but Bitcoin and the broader crypto market hold steady, XRP could see an initial 7% to 10% reaction, pulling the token down to roughly $1.20-$1.25.
A more aggressive selloff could push XRP toward $1.10, particularly if markets read a failed vote as a sign that comprehensive US crypto legislation could be delayed well past the midterms. Even so, a failed vote wouldn't erase the regulatory progress XRP has made since the SEC identified it as a digital commodity following Ripple's lawsuit.
Sources: Coinpedia Fintech News, CoinDesk, CryptoPotato
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