The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY 
Act reaching 60 Senate votes. Analysts and lawmakers have identified the 
ethics provision as the CLARITY Act&#8217;s most consequential unresolved issue 
heading to the Senate floor.…

CLARITY Act ethics fight risks Senate failure

Failed transactions on the XRP Ledger climbed sharply this week alongside a 
burst of new user activity, as on-chain data pointed to a wave of 
participation that accompanied the token&#8217;s latest price recovery. Wallets 
Running Toward 8 Million Total activated accounts on the XRP Ledger reached 
7,856,080, putting the network within striking distance of a milestone that 
has been building for months. Related Reading: Bitcoin Faces Major Test As 37% 
Recovery Collides With Bear Resistance That figure was pushed higher by a 
surge in new wallet creation — 3,317 fresh wallets were added in a single day, 
the strongest reading since March 19. New wallet activity had been relatively 
quiet for much of May, dipping to around 2,200 on May 10 before climbing back 
up in the days that followed. Active addresses on the network also jumped. 
According to Santiment, 48,453 unique addresses were active within a 24-hour 
window — the highest count since March 30. XRP&#8217;s price had climbed above $1.54 
during that period, a level it had not reached in roughly two months, before 
pulling back below $1.50. 📈 The $XRP price surge above $1.54 for the first 
time in 2 months was enough to help the network erupt to its highest level of 
on-chain activity since March. The XRP Ledger just had its highest 24-hour 
period of: 🏃 Active Addresses (48,453: Highest Since March 30) 👶 Network… 
pic.twitter.com/iInHHdei5P — Santiment Intelligence (@SantimentData) May 15, 
2026 Santiment attributed much of the activity surge to investor response to 
the price move. Data shows that wider participation across a blockchain 
network is generally seen as a positive indicator for medium- and long-term 
valuation, even when the initial trigger is price-driven excitement. Errors 
Spike Alongside Activity Separate data from XRPScan added another layer to the 
picture. The number of active users tracked through source tags and 
destination tags moved above 184,000 on May 15, the second-highest reading 
since early April. At the same time, failed transaction errors rose sharply. 
Attempts returning a &#8220;tecNO_PERMISSION&#8221; result — which occurs when a sender 
lacks authorization for an operation — reached 1,332 on May 19, the highest 
since March 31. Transactions failing due to &#8220;tecINSUFFICIENT_FUNDS,&#8221; meaning 
the sender did not hold enough of the required asset, climbed to 656 on the 
same date, a peak not seen since April 19. Price Recovery Drives The Numbers 
XRP joined a broader market rebound this week, briefly touching $1.54 before 
resistance slowed the move. That short-term rally was enough to pull several 
network metrics to their best levels in weeks. Related Reading: Is Zcash The 
Next Bitcoin? Investors Rush Into The Privacy Coin Narrative According to 
Santiment, the daily active address count and new wallet figures had shown no 
consistent direction for most of the month. The jump recorded this week broke 
from that pattern. Whether the uptick in usage holds beyond the immediate 
price action remains to be seen, but for now, the XRP Ledger posted its most 
active stretch since late March. Featured image from Pexels, chart from 
TradingView

XRP Records Biggest Spike In Network Usage In 2 Months

THORChain has launched a recovery portal following a $10 million exploit, 
allowing affected users across four chains to revoke malicious approvals and 
claim refunds.

THORChain confirms $10M exploit, rolls out recovery portal for affected users

Most founders pursuing a MiCA license assume they are solving their EU 
regulatory problem. They are solving part of it. The rest depends on which 
services they actually offer. MiCA Decoded is a 12-article weekly series for 
Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing 
Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison 
advises […]

MiCA Decoded: Thinking a CASP License Covers Payments, Perps or Futures is a Major Mistake

Santiment warned that Bitcoin social media euphoria spiked following the 
CLARITY Act&#8217;s Senate Banking Committee vote on May 14. Sentiment analytics 
platform Santiment posted on X and its community insights platform on May 15, 
tracking a sharp rise in positive…

Santiment warns Bitcoin CLARITY act euphoria may reverse gains

Solayer Pay launched a Visa card allowing users to spend USDC at merchants and 
ATMs worldwide on May 14. Solayer, the layer-1 blockchain developer behind the 
infiniSVM network, announced the launch via GlobeNewswire on May 14. The card 
links directly…

CLARITY Act ethics fight risks Senate failure

Comments