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

Guavy AI Editorial Team
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SBI Holdings, a major Japanese financial conglomerate and significant holder of XRP, attributes recent weakness in the cryptocurrency market to investor caution surrounding U.S. crypto legislation.

The company's director, Yasuo Nishikawa, noted that market participants are closely monitoring the CLARITY Act's trajectory, which has left both the broader crypto market and XRP prices subdued.

Nishikawa reaffirmed SBI Holdings' confidence in XRP, highlighting its continued profitability of its crypto market-making operations despite lower trading volumes and price declines.

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