XRP drops 5.5% as Senate delays crypto market structure bill to September

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XRP was the worst-performing major cryptocurrency this week, declining 5.5% as the U.S. Senate adjourned without voting on the crypto market structure Clarity Act. Bitcoin and Ether also recorded losses, though significantly smaller than XRP's decline. The Senate's departure from Washington pushed any potential vote on the bill to September at the earliest. The Clarity Act, which aims to establish a regulatory framework for crypto markets, had been anticipated as a key catalyst for the sector.

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