XRP Tops Losses Among Majors as Clarity Act Vote Delayed to September

Bitcoin and ether posted modest declines, while XRP — tied to Ripple — dropped 5.5% over the week, making it the worst performer among major cryptocurrencies. The weakness came as the U.S. Senate adjourned without addressing the market structure legislation.

Bitcoin hovered around $64,300 on Friday, showing little movement both daily and weekly, after lawmakers confirmed the Clarity Act would not be voted on before the August recess.

Among major tokens, XRP underperformed, falling more than 2% on the day to $1.02 and 5.5% over the past week. Solana slipped over 1% to around $73, bringing its weekly loss close to 2%. Dogecoin declined nearly 1% to below $0.07, while ether remained steady at $1,897 with a slight weekly dip. BNB held firm at $591, gaining about 1% on the week. Meanwhile, Hyperliquid’s HYPE edged down less than 1% to roughly $56 but still led major tokens with a 1.3% weekly gain.

The proposed legislation aims to clarify which U.S. regulatory bodies oversee specific digital assets. It requires at least 60 votes to pass, though it is uncertain whether it even has majority support. Some Republican senators have openly opposed the bill, while Democrats are pushing for stricter provisions to prevent President Donald Trump from benefiting financially from crypto activities while in office.

Trump reported earning over $1 billion from crypto-related ventures in 2025. Senate Majority Leader John Thune indicated that a vote is expected in September, when Congress reconvenes on Sept. 14 with a tight three-week window to address pending issues, including government funding and a sanctions package targeting Russia.

Spot bitcoin ETFs recorded inflows of approximately $626 million between Aug. 3 and Aug. 5. These inflows helped support prices in the $63,000–$64,000 range but were insufficient to break through resistance between $66,000 and $66,600.

Looking ahead, markets are focused on upcoming U.S. economic data, including the jobs report and July inflation figures. The Federal Reserve maintained interest rates at 3.50%–3.75% in July, although three policymakers favored a rate hike. Strong employment data or persistent inflation could reinforce expectations for tighter monetary policy, which generally pressures bitcoin.

Despite consistent inflows throughout the week, bitcoin has struggled to surpass the $66,000 level. Upcoming economic indicators will likely determine whether it attempts another breakout or retreats toward the $63,000 range.