Crypto Industry Groups Urge US Senate Leaders to Pass Digital Asset Bill

More than 200 crypto companies and industry groups, including Coinbase and Ripple Labs, have sent a letter to Senate leaders urging them to bring the Digital Asset Market Structure Bill (Clarity Act) to a vote without delay.

The bill has already passed the Senate Banking Committee, and its progress is seen as a potential step towards a clearer regulatory framework for digital assets in the US, which could support institutional interest in Ripple.

Ripple's price has formed a corrective bullish structure on its H4 chart, advancing towards resistance at $1.179-$1.181.

The market is awaiting the Senate's decision, which could play a major role in determining Ripple's direction in the near future.