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Crypto Pulse Daily: CLARITY Act Tensions Rise as Bessent Criticizes Coinbase CEO Ahead of White House Talks

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Ripple, issuer of XRP, has announced that they are adding to their existing agreement with Zand Bank as it aims to increase the usage of their RLUSD stablecoin. The initiative will also support the use of the Bank’s stablecoin, AEDZ.

U.S. Treasury Secretary Scott Bessent has hit back at Coinbase CEO’s for the delay of the CLARITY Act. These comments came ahead of the White House meeting set to be held today between crypto firms and banks.

XRP price remains steady at $1.42 as traders await today’s White House meeting, which could spark hopes for the Clarity Act. The cryptocurrency has experienced 12% decline last week, which was influenced by a bear market trend. Nevertheless, XRP seems to be forming a consolidation and possibly to climb beyond the $1.50 region.

In the meantime, the entire crypto market is down by 1.91% with the total market cap at 2.35 trillion. Bitcoin price is currently trading at $68, 800, and Ethereum is hovering around $2,000 with a recovery in sight.

Bitcoin price continues to face challenges, hovering around the $70k support level. Meanwhile, Cardano’s price has dropped below $0.30, losing over 10% in the past week. Although bearish pressure is easing, Cardano struggles to gain upward momentum. Analysts suggest that the market remains uncertain, with both coins facing hurdles.