Bitcoin (BTC) and Ripple (XRP) are showing a wait-and-see attitude ahead of discussions on the digital asset market structure bill, known as the 'CLARITY Act,' to be held in Washington, D.C. The overseas crypto media outlet CoinGape reported that the total market capitalization of the digital asset market fell 1.35% over 24 hours to approximately $2.2 trillion, during which time Bitcoin traded around $64,000 and XRP traded above $1.10.

Trump and Republicans Begin Discussions on 'CLARITY Act' According to CoinGape, U.S. President Donald Trump is scheduled to meet with Republican senators and senior White House aides to discuss the CLARITY Act. The meeting will address unresolved ethical regulation issues and the progress of the bill as key agenda items.

Expected attendees include Senators Bernie Moreno and Cynthia Lummis, along with White House digital asset policy advisor Patrick Witt. Additionally, White House Chief of Staff Susie Wiles and Kristin Smith, CEO of the Solana Policy Institute, are also expected to attend the meeting.

This consultation takes place amid growing backlash from the Democratic Party, which is raising concerns about President Trump's digital asset-related profits and interests. Democrats argue that strong safeguards are needed to prevent federal public officials from privately profiting through digital assets while simultaneously overseeing industry regulation.

Meanwhile, prediction markets put the likelihood of the CLARITY Act being enacted into law by 2026 at 41%. CoinGape reported that this probability has dropped by about 25 percentage points from previous levels due to political disagreements and congressional scheduling issues.

Bitcoin and Ripple Price Outlook CoinGape analyzed that as the market awaits the outcome of the CLARITY Act discussions, both Bitcoin and XRP are continuing their cautious trends.

First, Bitcoin is trading near its key support level of $64,100. If it holds this price, it could re-challenge the $65,500 resistance level, and if buying momentum continues, there is potential for a short-term rise to $66,000. However, on a daily candle basis, if it closes below $64,000, there is a possibility of a correction down to the $61,800–$62,000 support range.

XRP fell 1.37% over 24 hours to $1.10. However, if it holds the $1.10 mark, it could rebound to $1.15, and if buying momentum strengthens, there is a chance of surpassing $1.20. Conversely, if it falls below $1.10, it could decline to the next support level of $1.06.

Spot Digital Asset ETF Trends (As of July 15) According to CoinGape, as of July 15 (local time), there were no net inflows into U.S. spot XRP ETFs. The cumulative net inflow remained at $1.48 billion, with Bitwise's XRP ETF recording $312.85 million in assets under management. Canary and Franklin XRP ETFs followed, but all listed XRP ETFs ended the day lower.

Meanwhile, U.S. spot Bitcoin ETFs saw net inflows of $108 million on the same day. Of this, BlackRock's IBIT accounted for the largest inflow at $80.82 million. Additionally, citing SoSoValue data, CoinGape noted that U.S. spot Ethereum ETFs also recorded net inflows of $53.83 million, of which BlackRock's ETHA accounted for the largest share at $45.29 million.

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