XRP price pulled back for the second consecutive day after the Senate withdrew the planned CLARITY Act markup. Ripple token dropped to $2.090, down from this week’s high of $2.188. It also remains in a local correction after falling by 13% from its highest point this year.

XRP price falls after CLARITY Act Markup Delay

Ripple and other altcoins retreated after the Senate Banking Committee withdrew the planned markup of the CLARITY Act. This withdrawal happened after Coinbase withdrew its support for the landmark legislation.

Brian Armstrong, the company’s CEO, identified four main issues in the bill. Its most important issue is that the bill would put limits on stablecoin rewards, which it currently offers. 

Brian Armstrong

@brian_armstrong

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After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.

There are too many issues, including:

– A defacto ban on tokenized equities
– DeFi prohibitions, giving the government unlimited access to your financial

12:05 AM · Jan 15, 2026

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