SBI Blames US Regulatory Uncertainty for XRP Price Stagnation

SBI Holdings' Director Yasuo Nishikawa believes XRP's weak price performance is due to investors waiting for greater regulatory clarity in the United States. Speaking during SBI Holdings' Q1 FY2027 earnings presentation, Nishikawa mentioned that the company's crypto business has remained sluggish as investors monitor the progress of the digital asset legislation.

Specifically, he stated that XRP's price has stayed subdued 'as if waiting to assess the status of the CLARITY Act.' This suggests SBI believes U.S. regulatory developments could play a major role in XRP's next price move.

Despite XRP's muted performance, Nishikawa emphasized the value of SBI's investment in Ripple, stating that its stake is currently worth about 6.6 trillion yen.