SEC and CFTC Advance Crypto Rules After Senate Bill Fails
XRP (XRP)
Editor:
Eugene Serbin
u.today reports that the SEC and CFTC are independently advancing digital asset rules after the Senate blocked the Digital Asset Market Clarity Act. The legislation failed on September 15 with a 49–50 vote due to disagreements over stablecoins and official holdings. With Congress stalled before the November midterms, regulators plan to fill the legal vacuum using their existing administrative powers.
Blockchain Association CEO Summer Mersinger will leave her post on October 16, succeeded by Kristin Smith. Meanwhile, Coinbase CEO Brian Armstrong and the Stand With Crypto alliance have launched a voter mobilization campaign. They are framing fintech development as a bipartisan national security issue.
Markets have responded with measured optimism as the SEC and CFTC prepare to take charge. Bitcoin has remained stable in the $84,000–$86,000 range against this backdrop. Major altcoins like XRP and NEAR are holding near local price highs.
Holders expect agency guidance to provide clarity faster than Congress can. One observer noted, "Welcome to another week of crypto building w/out constraints of Clarity Act…SEC & CFTC already guiding the way."
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 28 September 2026. Not the outlet's figures.
XRP is trading at $1.52 with a 24-hour buy ratio of 46.0%, indicating that selling pressure slightly outweighs buying. The 1-hour and 4-hour buy ratios are higher at 47.8% and 48.0% respectively, suggesting a short-term shift toward more balanced activity. However, the 24-hour volume delta is -$13,991,073, showing that cumulative sell volume has exceeded buy volume over the day. This negative delta means that net selling has occurred, with the CVD closing at -$6,980,583. Buying pressure appears to be fading over the longer timeframe despite the recent slight uptick in hourly ratios. The market has seen 10 hours of net buying out of 24, reflecting a divided sentiment.
The latest daily buy ratio of 50.6% sits at the 83rd percentile of the last 322 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Compared to the preceding week, XRP shows a 7-day average buy ratio of 49.7%, making today’s 46.0% reading 3.8 points lower than the weekly norm. Trading volume is also subdued, sitting at 0.46x the weekly average, which indicates significantly less activity than usual. Over the past eight days, the price increased by 7.5% with a total positive volume delta of +$5,195,911. Today’s negative daily delta contrasts with the week’s net buying, marking an unusual day of net outflow. This shift suggests that recent gains are being met with profit-taking or reduced conviction relative to the previous week's trend.