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SBI Holdings Attributes XRP Price Weakness to Delayed U.S. Crypto Legislation

BitcoinWorld SBI Holdings Attributes XRP Price Weakness to Delayed U.S.

Crypto Legislation SBI Holdings, a major Japanese financial conglomerate and a significant holder of XRP, has linked the recent weakness in the cryptocurrency market—including XRP—to investor caution surrounding the progress of the U.S. CLARITY Act.

During a recent earnings presentation, SBI Director Yasuo Nishikawa noted that market participants are closely monitoring the bill’s trajectory, which has left both the broader crypto market and XRP prices subdued.

Despite the downturn, Nishikawa reaffirmed the company’s confidence in XRP and highlighted the continued profitability of its crypto market-making operations.

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