"The May 21 deadline for the CLARITY Act matters because of what comes after it. The Senate enters a weeklong recess after the May 21 Memorial Day, and the timeline on the calendar from there on is slim."
"Five separate steps still stand between the bill and the President's desk. After committee markup, four more steps remain: a 60-vote Senate floor vote, reconciliation with the Senate Agriculture Committee's version, reconciliation with the House-passed CLARITY Act, and President Trump's signature."
"Polymarket has been pricing this in, with the odds of the bill being signed into law in 2026 dropping to 64% in mid-April, and currently at 46% today."
XRP briefly rose above $1.40 after a dip to $1.35, driven by anticipation of the CLARITY Act markup. The Senate Banking Committee's markup date remains uncertain, with a deadline of May 21 before a recess. If the markup does not occur, XRP may lose institutional interest and face a price decline. The timeline for the bill's progression is tight, with multiple steps required before reaching the President. Current odds for the bill's passage have dropped significantly, indicating a potential delay into 2027 if missed.
Read at 24/7 Wall St.
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