XRP and XLM Jump 8 Percent Ahead of Senate Crypto Vote

XRP and XLM prices jumped more than 8 percent on September 14, as traders positioned themselves ahead of a crucial Senate procedural vote on the Digital Asset Market Clarity Act. XRP climbed to $1.47, while XLM surged to $0.1949.

The proposed legislation aims to draw clear jurisdictional lines between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It seeks to formally classify certain digital assets as commodities rather than securities. Both tokens stand to benefit if the bill passes, as federal regulators already pointed to them as examples of digital commodities earlier this year.

A cloture vote on the motion to proceed is scheduled for Tuesday afternoon. The measure needs 60 votes to advance, meaning at least seven senators outside the Republican majority must cross over. Prediction markets currently price the odds of total passage below thirty percent due to lingering disputes over ethics rules and stablecoin yields.

Despite low expectations for final approval, the crypto market continues to treat each legislative milestone as a positive catalyst for payment tokens. If the Senate fails to invoke cloture, comprehensive market structure legislation will likely be pushed into next year. Traders are watching Tuesday closely for any surprise bipartisan support.