- Ripple CEO hails GENIUS Act as historic leap for stablecoins.
- Lawmakers push clear crypto rules as GENIUS Act advances.
- XRP community celebrates regulatory clarity in digital finance framework.
Ripple CEO Brad Garlinghouse has called the GENIUS Act a “historic moment” as the landmark legislation heads to the President’s desk for final approval. The bill, aimed at establishing regulatory clarity for stablecoins, marks the most significant financial reform in the United States since the 2008 financial crisis.
According to a post by Garlinghouse via X (formerly Twitter), the signing of the GENIUS Act solidifies the country’s position as the leader of genuinely innovative financial technology. He highlighted that stablecoins play a key role in the change and is optimistic about what the new legislation may open up to the digital finance industry.
His remarks prompted a swift response by the XRP community, with crypto commentator John Squire (@TheCryptoSquire) calling it a moment of fame in the future of finance. In his words, “Ripple CEO Brad Garlinghouse has dropped the mic ahead of the GENIUS Act signing. It marks the time when the U.S. secures its place as one of the world’s innovators in stablecoins.”
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🔥 BREAKING:
Ripple CEO Brad Garlinghouse drops the mic ahead of the GENIUS Act signing:
“This is the moment the U.S. locks in its role as a global leader in stablecoin innovation.”
🇺🇸📜 History is being written — and yes, $XRP is front row. 💪 pic.twitter.com/Vvh3mjJMHf
— John Squire (@TheCryptoSquire) July 17, 2025
Ripple Legal Chief Officer Backs Progress on Crypto Clarity
Ripple’s Chief Legal Officer, Stuart Alderoty (@s_alderoty), also responded to the development, highlighting the parallel movement of the CLARITY Act to the Senate.
He said that there is now momentum behind clear, practical frameworks for crypto and stablecoins, which will safeguard consumers and promote innovation. Alderoty said this is what the people in America have always demanded.
House Majority Whip Tom Emmer confirmed the passing of the GENIUS Act in the House. According to him, the bill would bring the payment system up to date, defend the dollar’s position as a global reserve currency, and support a healthy regulatory framework of stablecoin issuers within the United States’ territory.
Legislation Reflects Growing Bipartisan Support for Digital Asset Oversight
Bipartisan support played a key role in the bill’s progress. Garlinghouse publicly acknowledged several members of Congress who helped push the bill forward, including Rep. French Hill, Rep. Dusty Johnson, Rep. Angie Craig, Rep. Don Davis, Rep. Bryan Steil, Speaker Mike Johnson, and others.
Their contributions reflect their collective stand in digital asset regulation when the global standards are at an early stage of development.
Such legislative action follows an increasing clamor by the fintech sector and digital asset users to resolve the issue of regulatory clarity. The GENIUS Act, by outlining the framework in which stablecoins must be treated under U.S. law, will seek to mitigate the risk while promoting innovation.
Conclusion
As momentum builds around the GENIUS Act, Ripple’s leadership and bipartisan support from lawmakers point to a significant shift in U.S. financial policy. Stablecoins, once operating in a legal gray area, are now entering a phase of regulatory certainty, setting the stage for long-term growth in the digital economy.
Also Read: XRP Hits New All-Time High – Here’s Why the Price is Rocketing Today
