The U.S. Senate blocked the advancement of the CLARITY Act with a 49–50 vote on September 15.The $XRP token posted a 7.95% decline over the past 24 hours, dropping to $1.29.The 2023 federal court ruling established that programmatic sales of $XRP on exchanges do not constitute securities.
Ripple Chief Legal Officer Stuart Alderoty stated that the token’s legal foundations remain solid following the legislative deadlock of the CLARITY Act in the U.S. Senate on Tuesday, September 15.
The procedural vote required a 60-vote threshold to proceed to formal floor debate in the upper chamber. The final tally concluded with 49 votes in favor and 50 against, preventing the bill from advancing along its immediate regulatory path.
Despite this parliamentary outcome, Alderoty posted on his X account that Ripple and its digital asset operate on established legal ground. The legal chief noted that the 2023 judicial ruling decoupled programmatic transactions of $XRP from classification as investment contracts.
Don’t forget – Ripple and $XRP stand on settled ground. The 2023 federal Court ruling established $XRP is not a security.
And in March the SEC and CFTC issued a joint interpretation naming $XRP a digital commodity. SEC Chairman Atkins and a CFTC Chairman Selig understand these… https://t.co/63ML5xmbAP
— Stuart Alderoty (@s_alderoty) September 15, 2026
Over the past 24 hours, $XRP slid 7.95% to $1.29, according to CoinMarketCap metrics. Technical indicators from the platform suggest that the breach below the 200-day moving average at $1.355 likely accelerated defensive sell orders.
The bill previously passed the House of Representatives in July 2025 by a 294–134 margin. Despite that precedent, Senate negotiations stalled over objections surrounding public ethics standards and the regulatory oversight of decentralized protocols.
Judicial Precedents and the Regulatory Role of the SEC and CFTC
The company anchors its stance in administrative determinations established prior to the legislative debate. Official March 2026 documentation issued jointly by the SEC and the CFTC categorized $XRP among sixteen digital assets recognized as digital commodities.
According to financial sector reports, this interagency interpretation limits the company’s operating exposure to direct disputes regarding the commercial nature of the asset. Industry representatives point out that the lack of comprehensive federal legislation shifts the task of defining operating boundaries back to agency-level technical rulemaking.
Corporate leadership at the technology firm maintains that business operations will proceed without adjustments in the wake of the legislative stall. According to remarks by Chief Executive Officer Brad Garlinghouse, commercial activity and cross-border agreements are maintaining their standard operational momentum.
The Commodity Futures Trading Commission’s formal roadmap outlines the release of updated regulatory guidance for the spot market toward the end of the fourth quarter.