🟢 XRP is trading 5.5% up as investors watch key U.S. Senate vote on crypto regulation

XRP is trading at $16.76 (+5.54%) as the market closely monitors a key legislative event in Washington D.C.

• The main catalyst is the U.S. Senate Banking Committee's markup session for the CLARITY Act, scheduled for today, May 14. Passage of this bill would provide significant regulatory clarity for XRP, potentially classifying it as a commodity.
• The positive price action comes amid a broader crypto and stock market rally, with the NASDAQ also hitting new highs.
• Ripple CEO Brad Garlinghouse has publicly supported the legislation, calling it a long-awaited win for the industry.