XRP and XLM Surge Over 8% Ahead of Senate Vote on CLARITY Act

XRP and XLM rallied sharply on September 14, gaining more than 8% as market participants priced in the upcoming Senate cloture vote on the Digital Asset Market Clarity Act (CLARITY Act). XRP rose to $1.47, while XLM reached $0.1949.

What the CLARITY Act Proposes

The legislation seeks to clarify jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) by formally classifying certain digital assets as commodities. The bill would codify guidance issued in March 2026 that identified XRP, XLM and HBAR as digital commodities.

Potential Impact on XRP and XLM

Both tokens could benefit from reduced legal uncertainty, which has limited institutional participation in payment and settlement networks. XRP is linked to cross‑border payment rails, while XLM’s Stellar network is noted for low‑cost transfers and recent integration with a U.S. bank’s cross‑border stablecoin pilot.

Senate Vote Details

A cloture vote to advance the bill is scheduled for Tuesday, September 15, at 2:15 p.m. ET. Advancing the measure requires 60 votes; with 53 Republican seats, at least seven Democrats or independents would need to support it for the GOP to remain unified.

Market Reaction and Outlook

Despite low probability estimates from prediction markets—Polymarket pricing the bill’s passage at about 30% and Galaxy Research at 10%—the crypto market has responded positively to each legislative milestone. Earlier Senate Banking Committee approval in May and signals of White House engagement also triggered short‑term rallies in both assets.

If cloture fails, the bill would not be killed but could be delayed beyond the 2026 midterm elections, pushing comprehensive market‑structure legislation into 2027.