- Ripple CEO applauds Trump as stablecoin law reshapes crypto landscape.
- GENIUS Act introduces federal rules, earns praise from crypto leaders.
- Trump gains crypto industry support after signing major regulation bill.
Ripple CEO Brad Garlinghouse has publicly commended President Donald Trump following the signing of the GENIUS Act, a landmark crypto regulation bill now officially enacted into law. The new legislation introduces the first federal oversight framework for stablecoins in the United States.
Although Garlinghouse was not physically present at the White House ceremony, he confirmed that the Ripple team was present during the signing. On X, he described his response to the administration and its increasingly receptive attitude to the digital asset industry, stating that the administration was the most crypto-friendly in American history.
The GENIUS Act requires that all stablecoins be fully collateralized on a 1-to-1 basis with U.S. dollars or other equivalent assets. This action will promote credibility, consumer safety, and transparency regarding adherence to rules within the stablecoin industry.
Stuart Alderoty, Ripple’s Chief Legal Officer, responded to the new law with excitement, saying it was a long-awaited Ray of Light for digital asset innovators. He explained that it gives business and consumer market participants legal assurance within the exponentially growing crypto economy.
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Industry Leaders Align Behind GENIUS Act’s Regulatory Standards
Other prominent industry voices have echoed this sentiment. Coinbase’s Chief Legal Officer, Paul Grewal, emphasized the bill’s role in preserving the U.S. dollar’s dominance through regulated stablecoin growth. He added that regulatory certainty would enable additional dollar-backed tokens around the globe.
TRON founder Justin Sun was also complacent about the bill, describing it as a functional framework that promotes responsible innovation. He emphasized the need to focus on establishing stablecoins where the coin is correctly collateralized to safeguard users and develop trust.
This large-scale backing from major crypto companies comes at the end of a year that has seen more political activity and lobbying to obtain more transparency in the regulation of digital assets. Ripple and others have sponsored candidates who are supportive of cryptocurrency and seek more equitable regulation.
Trump’s decision to approve the GENIUS Act marks a shift from his previous skepticism of cryptocurrency. This new understanding of his administration regarding digital finance is increasingly receiving solid backing from major players in the sector.
Garlinghouse’s praise of the Trump administration signals a new chapter in Ripple’s relationship with federal regulators. With the GENIUS Act now in effect, the crypto industry prepares to operate under a more precise and structured legal framework.
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