XRP Army Rejoices As Ripple CEO States the Importance of Passing GENIUS Act Into Law

A new chapter in the evolution of U.S. financial regulation is being written, and the XRP Army is celebrating. On July 17, 2025, the U.S. House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with overwhelming bipartisan support (308–122). The bill had already cleared the Senate in June and now awaits President Donald Trump’s signature. Once signed, the GENIUS Act will become the most consequential piece of financial legislation since the Dodd-Frank Act of 2010. Ripple CEO Brad Garlinghouse hailed the moment as historic, stating on X: “The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Tomorrow, the signing of the GENIUS Act solidifies the US’s future as a leader in truly innovative financial technology, stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation .” The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and… https://t.co/002tVEofWs — Brad Garlinghouse (@bgarlinghouse) July 17, 2025 A Regulatory Framework for the Future The GENIUS Act establishes a clear, national regulatory framework for U.S. dollar-backed stablecoins. Under the law, only licensed entities, such as banks, credit unions, and qualified fintech firms, can issue these payment stablecoins. Issuers must maintain full one-to-one reserves, provide monthly third-party audits, and operate under the supervision of federal or state regulators. Importantly, algorithmic stablecoins and those not pegged to the dollar are excluded from this legal category. Consumer protections are also strengthened: holders have a first claim on reserves in the event of insolvency, and issuers are prohibited from offering interest on their coins. However, third-party platforms may still do so. A Landmark Week for Crypto Policy This development caps off what many are calling “Crypto Week” on Capitol Hill. Alongside the GENIUS Act, the House also passed two other major crypto bills: the Clarity for Digital Tokens Act, which aims to resolve regulatory uncertainty between the SEC and CFTC, and the Anti-CBDC Surveillance State Act , which seeks to block the issuance of a Federal Reserve-backed digital currency. While those two bills still require Senate approval, the GENIUS Act is now ready to be signed into law. The passage of the GENIUS Act was not without drama. Despite delays and pushback from a faction of House conservatives, the bill advanced after personal involvement from President Trump, who has taken a vocal pro-crypto stance during his second term. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple, XRP, and the Market Impact The crypto market responded swiftly. XRP rallied over 9% on the news, and several altcoins saw similar momentum. Financial giants such as JPMorgan, Circle, and Coinbase praised the legislation, citing the newfound clarity as a green light for deeper institutional involvement. For Ripple and its global XRP ecosystem, the GENIUS Act is a massive victory . It legitimizes stablecoins as a regulated component of the U.S. financial system, paving the way for Ripple to expand its U.S. operations and further integrate stablecoin functionality, including RLUSD, into global payments infrastructure. Looking Ahead President Trump is expected to sign the bill into law on July 18. Once enacted, regulators will have 180 days to issue implementing rules. Full enforcement of the GENIUS Act is expected by the end of 2026. For Brad Garlinghouse and the XRP Army, this is more than legislation, it’s validation. It signals the U.S. is finally embracing the future of finance, with Ripple and XRP ready to play a central role in the digital transformation of money. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Army Rejoices As Ripple CEO States the Importance of Passing GENIUS Act Into Law appeared first on Times Tabloid .

Source: TimesTabloid