XRP pumps on Senate Banking CLARITY approval
XRP immediately rallied on a pro-crypto vote by the Senate Banking Committee, advancing the Clarity Act.
The banking cartel went into full panic mode this morning as XRP rocketed above $1.50.
The Senate Banking Committee has passed the CLARITY Act this morning by a vote of 15 ayes to 9 nays. Bipartisan. Decisive.
Early reports are that two Democrats crossed the aisle, Ruben Gallego of Arizona and Angela Alsobrooks of Maryland, to join the Republican majority. both voted yes. Every single Republican voted yes.
Apparently every single Warren amendment was either rejected or ruled improperly drafted by Chairman Tim Scott. Sorry Liz! Boo hoo!
Bitcoin spiked a couple thousand dollars on the news, and XRP was at $1.53 last I checked.
The banking cartel apparently sent thousands of late night letters yesterday trying to stop this vote. It did not work.
The banks were in full panic mode. And they lost.
Ripple and Garlinghouse championed the Clarity Act. This is only possible due to the hard work of the XRP community.
I am so proud! Nice work today, team. 🥳
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XRP Premium Analysis
The 8,000 letters they sent to Senate offices overnight, warning that crypto regulation could drain trillions from deposit bases, did not move a single Republican vote and did not stop two Democrats from crossing the aisle.
Brad Garlinghouse said on May 13: “The Senate Banking Committee is putting in the work as it moves the Clarity Act forward. Incredibly important step for regulatory clarity in crypto.” Today they did the work.
Next stop is…