Yoshitaka Kitao, Chairman, President and CEO of SBI Holdings, stated that clearer rules regarding crypto assets in the US could have a positive impact not only on Ripple but also on the broader digital asset market. Kitao’s assessment coincides with the growing view, especially among institutional investors, that regulations can no longer be an obstacle to the market but can become a supportive factor.
New phase in the CLARITY Act process
In the USA, the inclusion of the CLARITY Act bill in the Senate Legislative Calendar indicated that the process went beyond the committee stage. Although this step does not mean that the bill will directly become law, it shows that it has now been moved to a more visible point for official negotiation.
Yoshitaka Kitao said that he believes that if the CLARITY Act becomes law in the USA, it will have a positive impact on the cryptocurrency market, including Ripple.
However, the legal road map is still not complete. If the bill advances in the Senate, a compromise will need to be reached between the texts of the House of Representatives and the Senate. The text will then be submitted for approval by US President Donald Trump. The current development is therefore seen as a significant but early stage advance.
Mini dictionary: CLARITY Act stands out as a legal framework in the USA that aims to make clearer which institution’s control area crypto assets fall under and the basic rules regarding market structure. The main importance of the bill lies in its potential to reduce uncertainty for the sector.
Why does the institutional expectation for XRP stand out?
On the market front, this development is read as a sign that regulatory uncertainty in the USA is decreasing, albeit slowly. It is considered that clearer rules may be decisive on corporate access, especially for assets such as XRP, which are associated with cross-border payment and financial infrastructure usage areas.
Kitao’s words also carry special importance due to the long-term strategic closeness between SBI Holdings and Ripple. SBI Holdings, a large financial group based in Japan, has long been known as one of the prominent corporate partners in Ripple’s blockchain-based payment and liquidity initiatives.
How could clearer rules affect the market?
Clearer definitions and a regulatory framework could reduce compliance risks, facilitate access on exchanges, and create a more conducive basis for deepening institutional participation in XRP, according to industry opinion. In such a situation, market interest can be expected to shift to infrastructure development and real use areas rather than short-term price movements.
However, there is no clear sign that the schedule will accelerate. US Senator Cynthia Lummis stated that the final approval process in the Senate of crypto market structure regulations, including the CLARITY Act framework, may take longer than expected. The reason for this is that legislators continue to work on some basic articles.
Still, the general sentiment in the market remains cautiously positive. Each new step taken in the CLARITY Act process is considered part of a broader structural transformation that could shape how digital assets are integrated into the regulated global financial system.
