In a move that could either revolutionize or just add another layer of bureaucracy to the crypto world, US President Donald Trump has officially signed the Guiding and Establishing National Innovation for US Stablecoins Act, or the āGENIUS Act.ā Brad Garlinghouse, the ever-so-charismatic CEO of Ripple, is comparing this new piece of legislation to the major regulatory overhaul that came after the 2008 financial crisis. š¤
Garlinghouse is calling it a turning point for digital assets in the US, a bold step toward regulatory clarity that might just put America back on top of the fintech game. Or, you know, maybe itās just another act of genius… or is it? š¤·āāļø
Ripple CEO Shares His Take on the New GENIUS Act
On July 17, the US House of Representatives passed the GENIUS Act, a bill that aims to set up a regulatory framework for US-dollar-pegged cryptocurrencies, aka stablecoins. Garlinghouse, never one to miss an opportunity to weigh in, took to X (formerly Twitter) to share his thoughts on the matter.
In his post, the Ripple CEO drew some interesting parallels between the GENIUS Act and the financial reforms that followed the 2008 economic crisis. “Itās been over 15 years since weāve seen a regulatory bill of this magnitude,” he mused, adding that the timing couldnāt be more perfect as the world is rapidly embracing blockchain and digital assets. š
With President Trumpās signature, Garlinghouse sees the US taking a giant leap forward in fintech innovation, especially in the stablecoin space. He described the bill as ātransformational,ā promising clearer regulations for digital asset firms and a boost in confidence for institutions and consumers. š
He also thanked a bipartisan group of lawmakers for their leadership in getting the bill passed, expressing optimism about how this legislation could reshape the dynamics of stablecoin usage, financial inclusion, and more. For Ripple and other crypto companies, this could mean the start of a new era of regulatory support instead of endless uncertainty. š
What the GENIUS Act Means for Rippleās RLUSD
A crypto analyst known as āAll Things XRPā on X has weighed in on how the GENIUS Act could impact Rippleās stablecoin, RLUSD. Unlike previous regulatory efforts that often left more questions than answers, the GENIUS Act offers a clear and supportive framework for stablecoin issuers backed 1:1 by the US dollar.
For Rippleās RLUSD, this means itās well-positioned to capitalize on the key pillars of the legislation: regulatory compliance, dollar-backing, and cross-platform interoperability. By anchoring RLUSDās value to US Treasuries and providing a federal umbrella of legal clarity, the GENIUS Act could pave the way for mainstream adoption of the stablecoin. š¤
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2025-07-20 05:44