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Crypto

SBI Holdings says XRP weakness due to U.S. regulatory uncertainty, awaits Congress decision

SBI Holdings said XRP’s recent weakness reflects uncertainty over U.S. digital asset regulation, as markets watch whether the U.S. Senate will pass the Clarity bill. Director Yasuo Nishikawa (니시카와 야스오) said investors are delaying new positions until a clearer framework emerges. XRP traded near $1.06, down 1.34 percent in 24 hours, 2.29 percent over a week and 42.31 percent year-to-date. SBI said it maintains its long-term investment stance in Ripple.

Crypto

U.S. CLARITY bill faces last-minute tug of war ahead of July 4 recess over three key hurdles

A U.S. Senate crypto market structure bill known as the CLARITY Act is running into three hurdles before a possible floor vote ahead of the July 4 congressional recess. The Senate has yet to set a voting schedule and needs at least 60 votes to advance. Committees are also working to reconcile competing bill texts, including how to divide oversight between the SEC and CFTC. Ethics provisions, along with calls to curb prediction markets, add to the uncertainty.

Crypto

Pressure builds for Clarity Act Senate vote, but prediction markets see August deadline unlikely

The cryptocurrency industry has stepped up public pressure on the U.S. Senate to move the Clarity Act to a floor vote. More than 200 companies and groups urged Senate leaders to act without delay, arguing that a lack of federal rules pushes activity overseas. Opponents have also mobilised, citing weaknesses in anti-money laundering provisions, ethics rules and stablecoin-related gaps. Prediction markets and some institutional forecasts have lowered estimates for passage before August.