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XRP surges as CLARITY Act enters US Senate agenda

XRP surges as CLARITY Act enters US Senate agenda

CointurkCointurk2026/06/04 17:03
By:Cointurk

SBI Holdings Chairman and CEO Yoshitaka Kitao has stated that clearer regulations for crypto assets in the US could benefit not only Ripple but also the broader digital asset market. Kitao’s remarks echo the growing sentiment among institutional investors that regulation might shift from being an obstacle to a supportive factor for the market.

CLARITY Act enters a new phase

The inclusion of the CLARITY Act bill in the US Senate’s legislative calendar marks its progression beyond the committee stage. While this step does not guarantee immediate passage into law, it indicates that the bill is now moving towards a more formal negotiation platform.

Yoshitaka Kitao expressed his belief that if the CLARITY Act becomes law in the US, it will have a positive impact on the cryptocurrency market, including Ripple.

However, the legislative roadmap is far from complete. Should the bill advance in the Senate, a compromise will need to be reached between texts passed by the House of Representatives and the Senate. Following this, the bill would await approval from President Donald Trump. Consequently, the current development is viewed as a significant yet early-stage milestone.

Mini glossary: The CLARITY Act stands out as a legislative framework in the US aimed at clarifying which agency will oversee crypto assets and establishing basic rules for market structure. Its primary importance lies in its potential to reduce uncertainty for the industry.

Why are institutional expectations crucial for XRP?

On the market front, this development is interpreted as a sign that regulatory uncertainty in the US is slowly beginning to ease. For assets like XRP, which are linked to cross-border payments and financial infrastructure, clear rules could be a decisive factor in enabling greater institutional access.

Kitao’s comments carry extra weight given the long-standing partnership between SBI Holdings and Ripple. As a major Japan-based financial group, SBI Holdings has been a key institutional partner in Ripple’s blockchain-driven payment and liquidity initiatives for an extended period.

How could clearer rules affect the market?

According to leading industry opinion, clearer definitions and a robust regulatory framework could reduce compliance risks, simplify exchange access, and create a more favorable environment for deepening institutional participation in XRP. Such a scenario would likely shift market focus away from short-term price moves toward building infrastructure and real-world applications.

Nonetheless, evidence that the legislative process will accelerate remains limited. US Senator Cynthia Lummis has indicated that the Senate’s final approval of crypto market structure regulations, including the CLARITY Act, might take longer than expected. This is due to ongoing deliberations among lawmakers concerning certain key provisions.

Despite this, the overall market mood continues to be cautiously optimistic. Each new step in the CLARITY Act process is seen as part of a broader structural evolution that could shape how digital assets integrate with the regulated global financial system.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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