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SBI Holdings Links XRP Decline to US Regulation Uncertainty

Guavy AI Editorial Team
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XRP
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Japanese financial giant SBI Holdings has revealed that it holds $42.2 billion worth of XRP, and attributes the recent decline in the cryptocurrency's value to uncertainty surrounding US regulations.

The company's Director Yasuo Nishikawa stated that investors are closely following developments related to the Clarity Act currently under discussion in the US.

Nishikawa explained that the delay in approving the bill has caused investors to act cautiously, putting pressure on both the overall crypto market and the price of XRP.

Despite this setback, Nishikawa emphasized that SBI's long-term confidence in XRP remains unchanged.

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