Why the Cryptocurrency XRP Is Down Today
Will the Clarity Act pass?
Overview
XRP (CRYPTO: XRP) fell roughly 5.3% as of 1:59 p.m. ET on Tuesday, Sept. 15, from 4:30 p.m. ET yesterday. A key Senate vote and rising bond yields weighed on the token.
The S&P 500 and the Nasdaq Composite were down 0.5% and 0.8%, respectively.
Details
The CLARITY Act is facing a vote in the Senate today. The bill, which would create a regulatory framework for using stablecoins and other digital assets in banking and traditional finance, may not have the votes it needs to pass.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.