US Market Structure Bill, 3% Chance of Passing on April 23rd...Is Now the Time to Dump XRP?

▲ XRP/AI-generated image

XRP investors are deeply concerned about whether to dispose of their assets. This is because market uncertainty has amplified as the probability of the US Cryptocurrency Market Structure Bill (CLARITY) passing Congress has dropped to an all-time low.

According to a CoinGape report on April 23 (local time), Bloomberg analyst James Seyffart estimated the bill's passage probability at just 3%. Seyffart stated that considering the current political situation and congressional schedule, it is virtually impossible for the bill to be processed within the year. The US Cryptocurrency Market Structure Bill was a key legislative proposal expected to clarify the legal status of virtual assets.

As legislative expectations dwindle, XRP's price is showing sluggish movement. Investors have been waiting for an institutional mechanism to end the legal dispute between Ripple and the SEC. However, as legislative momentum weakens, market disappointment is fueling price declines. Currently, XRP is engaged in a precarious struggle around the key support level of $0.6.

Experts expressed concern about the delayed establishment of a virtual asset regulatory framework. Seyffart explained that without clear regulatory standards, the entry of large-scale capital into the market is blocked. Assets like XRP, which still have legal issues, react more sensitively to policy uncertainty.

The market is closely watching congressional movements and revising asset management strategies. The difficulties in legislating the US Cryptocurrency Market Structure Bill are factors that dampen overall market investment sentiment. For the time being, political variables and legal risks surrounding XRP are expected to increase price volatility.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*