Japan crypto tax bill progress and U.S. clarity push boost XRP amid major Binance outflows

XRP is drawing renewed attention as Japan’s lower house advanced a crypto tax bill that would reduce the maximum tax rate on digital-asset gains from roughly 55% to a flat 20% and reclassify crypto under Japan’s Financial Instruments and Exchange Act. The legislation is now set to move to the upper house, where approval is widely expected. Separate coverage also points to SBI Holdings’ reported plans for a Japan dual Bitcoin–XRP ETF, describing the filings as entering a late-stage regulatory phase at the Financial Services Agency ^{[1] [2]}.

Market data cited by multiple outlets suggests activity around XRP has been concentrated on major exchange flows. Finbold reports that between June 3 and June 11, 2026, daily XRP outflows from Binance exceeding 1 million tokens totaled 465 million XRP, valued at about $530.1 million, based on CryptoQuant data. Additional reporting highlights a continued reduction in XRP supply on Binance, stating Binance XRP reserves dropped by 89 million tokens in one day, alongside negative funding rates and rising bearish futures positioning ^{[3] [4]}.

Ripple CEO Brad Garlinghouse said a U.S. “Clarity Act” could bring 90% of crypto volume onshore, according to a report summarizing his remarks and linking them to broader U.S. regulatory direction. The same coverage also references Ripple’s plans for a billion-dollar revenue run rate by end of 2026 (excluding XRP) and mentions the performance ranking of Ripple’s RLUSD stablecoin ^[5].

Japan’s proposed tax and ETF-related regulatory developments, alongside reported Binance-related XRP outflows, are the most prominent themes in current coverage of XRP’s near-term catalysts and market positioning ^{[1] [3]}.