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Ripple CEO Hails GENIUS Act as Historic Milestone for US Fintech
By Jeff Taylor, Crypto News Flash
July 18, 2025 – In a significant development that could have far-reaching implications for the cryptocurrency and fintech sectors, Ripple CEO Brad Garlinghouse has hailed the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act as “a truly historic moment” for US Fintech.
The GENIUS Act, backed by Senators Gillibrand, Lummis, Scott, and Hagerty, sets out to establish clear standards for stablecoin issuers like Ripple, which would require them to hold 1:1 reserves of U.S. dollars or Treasury bills, provide monthly transparency reports, and ensure only regulated financial institutions can issue dollar-backed stablecoins.
According to Garlinghouse, the GENIUS Act provides much-needed regulatory clarity, positioning Ripple as a key player in the stablecoin and cross-border payments space. Notably, Ripple’s own stablecoin, RLUSD, which was launched in 2024, already meets all of these requirements, boasting a market capitalization of $470 million.
Ripple’s strong positioning is further bolstered by its existing relationships with financial institutions like BNY Mellon and its efforts to secure a national bank charter and Fed master account. This would enable the company to hold reserves directly with the U.S. central bank, significantly enhancing its integration into the traditional financial system.
Industry experts predict that the passage of the GENIUS Act could have far-reaching implications for Ripple’s XRP token. As the Act is expected to enhance institutional trust in Ripple’s ecosystem, particularly RLUSD and the XRP Ledger, analysts believe that this could drive demand for XRP as a utility token for transaction fees and cross-border settlements.
The ripple effects of this development are already being felt in the market, with XRP’s price experiencing a 13.43% increase over the past day and a 39.01% gain over the past week, currently trading at $3.56 USD.
With some analysts predicting that XRP could rise to as high as $4-$7 by year’s end if the GENIUS Act becomes law, the stakes have been significantly heightened for investors and traders in the cryptocurrency market.
Source: www.crypto-news-flash.com
