# XRP Plummets After CLARITY Act Senate Failure

> XRP crashes 9% as Senate kills key crypto bill, legal status unchanged
- Title: XRP Plummets After CLARITY Act Senate Failure · Yahoo Finance
- Summary: XRP crashes 9% as Senate kills key crypto bill, legal status unchanged XRP's legal standing remains intact despite Senate vote failure
- Keywords: xrp, clarity act, senate, sec, cftc, ripple, fed, spot etf, business, finance, Plummets, CLARITY
- Source: Yahoo Finance — https://finance.yahoo.com/markets/crypto/articles/xrp-drops-9-1-28-132621984.html
- Published: 2026-09-16T13:26:21+00:00
- Read time: 1 min
- Topics: xrp, clarity act, senate, sec, cftc, ripple, fed, spot etf, business, finance
## XRP Drops 9%
XRP fell 9.4% in 24 hours after Senate failed to open debate on the CLARITY Act

> the world was watching
## CLARITY Act Fails
Senate rejected cloture 49 to 50, eleven votes short of 60 needed for debate
## XRP's Legal Status
XRP remains SEC-CFTC commodity with five spot ETFs holding $1.7 billion net inflows
## Market Reaction
Coinbase dropped 8.65% and Circle 11% as exchanges face stricter regulation
## XRP Support Level
XRP trades 2.4% above $1.25 support ahead of Fed rate decision at 2 PM ET
## Fed Rate Decision
Fed likely raises rates 25 basis points, testing XRP's $1.25 support level
## XRP Settlement
Ripple's SEC settlement finalized in August 2025 cannot be reopened
## Key takeaway

XRP's legal standing remains intact despite Senate vote failure