The U.S. Senate's progress on the crucial crypto market structure bill, the CLARITY Act, has hit a significant roadblock. According to an alert from Coin Bureau, Senate Banking Committee Chair Tim Scott has not scheduled the bill for markup during the week of April 20, 2026. This delay puts the legislation's future in jeopardy, as it must still undergo a markup process, secure 60 votes in the Senate, and be reconciled with the House version. A final draft from Senator Thom Tillis is expected imminently, but if no markup occurs by April 20–25, midterm election politics could kill the bill entirely.
The SEC has scheduled a roundtable on the CLARITY Act for April 16, but the regulatory uncertainty is already weighing on the market. Against this backdrop, an analysis incorporating predictions from ChatGPT outlines potential price scenarios for Solana (SOL) and Ripple (XRP) should the bill fail to pass.
For Solana, currently trading around $83.67, ChatGPT predicts a sentiment-driven decline. In the short term, SOL could drop to the $70–$80 range as leverage unwinds. A prolonged bear scenario, influenced by broader crypto risk aversion, could see the price fall towards $40–$50. A bullish recovery to $110–$150 is only seen as a possibility later in the cycle if the platform proves resilient.
For XRP, trading near $1.3650, the impact is expected to be more direct due to its historical sensitivity to U.S. policy. ChatGPT forecasts an initial drop to $1.10–$1.30 following a failure of the CLARITY Act. In a worst-case bear scenario, XRP could retest support near $0.75. The analysis notes that without regulatory clarity, neither asset is likely to stage a strong rally.
Separately, XRP is seeing positive fundamental developments, with $119.6 million in weekly ETF inflows—the strongest since December—and the launch of Societe Generale's euro stablecoin on the XRP Ledger. Analyst firm Standard Chartered has projected a bullish price target of $8 for XRP, contingent on the CLARITY Act passing and significant ETF adoption.
