Trump concession narrows CLARITY Act hurdle before Sept. 15 Senate vote

  • President Donald Trump accepted most of a bipartisan ethics compromise for the CLARITY Act.
  • Trump accepted roughly 80% of the compromise negotiated by Tillis and Gallego.
  • Senate’s Sept. 15 motion to proceed requires 60 votes.

President Donald Trump accepted roughly 80% of a bipartisan ethics compromise negotiated by Republican Sen. Thom Tillis and Democratic Sen. Ruben Gallego, according to the Associated Press. The agreement strengthens restrictions on elected officials’ crypto interests and gives state attorneys general enforcement authority alongside federal regulators. The breakthrough came just before the Senate’s Sept. 15 procedural vote on the 630-page CLARITY Act draft. The motion to proceed requires 60 votes, and Ripple Chief Legal Officer Stuart Alderoty has called the vote a "bellwether" for whether crypto market-structure legislation can advance through Congress. The agreement narrows Democrats’ largest recent objection, but does not ensure passage. Democrats continue to raise concerns about illicit finance, stablecoin rewards and consumer protections, while some Republicans also remain uneasy. XRP traded near $1.36, within a 24-hour range of approximately $1.32 to $1.43, while U.S. spot XRP ETFs attracted $18.98 million from Sept. 8 through Sept. 10. That included $12.29 million on Sept. 9 and $5.14 million on Sept. 10, even as Bitcoin funds recorded withdrawals of hundreds of millions of dollars. The ETF inflow streak continued, with Goldman Sachs, Jane Street and Millennium among notable institutional XRP ETF holders. The Senate vote would not determine whether XRP is a security or commodity, and approval would not immediately enact the CLARITY Act.

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