Ripple CEO says Genius Act likened to major regulation after the 2008 Financial Crisis

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At a landmark moment for Ripple and the broader crypto industry, U.S. President Donald Trump has Officially signed Guide and build national innovation for the US Stablecoins Act or the “Genius Act”. It is worth noting that Ripple’s CEO Brad Garlinghouse (Brad Garlinghouse) likens the bill to a comprehensive reform enacted in the aftermath of the famous 2008 financial crisis. He called the genius law The turning point of US digital assetstakes a bold step towards better regulatory clarity as cementing the country’s position in the global fintech leadership competition.

Ripple CEO shares new genius bill

July 17, The U.S. House of Representatives Passes the Genius ActThis is a legislative proposal to establish a regulatory framework for US load-bearing cryptocurrencies (also known as stablecoins). Shortly after the bill was approved, Garlinghouse released X social media on the same day, sharing his thoughts.

In his postalRipple CEO conducted a measurement and analysis of the Genius Act, similar to a series of waves of financial reforms that occurred in the 2008 economic crisis. According to Garlinghouse, it has been more than 15 years The United States passes regulatory bill Within this scope, the significance of the “Genius Law” reaching the world is emphasized. Embrace blockchain technology and digital assets.

President Trump formally signed the legislation, and Gallinghouse stressed that the new law sets the United States as a clear leader in financial technology innovation, especially in the Stablecoins field. Ripple CEO praised the approved bill as a “transformative” step that promises to provide urgently needed Regulatory clarity of digital assets and companies It also increases confidence among institutions and consumers operating in the digital economy.

It is worth noting that Garlinghouse expressed gratitude to the coalition of lawmakers from both sides, whose leaders played a role in pushing the bill forward. The CEO says he expects how this is Historical legislation It can reshape the driving force for stable use, financial inclusion, etc. For Ripple and other cryptocurrencies or blockchain companies operating in the United States, the behavior may mark the beginning of a new era defined by regulation rather than uncertainty.

What does genius behavior mean for Ripple’s Rlusd

Crypto analyst identified as “Everything XRP” on X Highlight The meaning of genius is right Ripple’s Stablecoin, Rlusd. Unlike previous regulatory efforts to define crypto assets, the Genius Act cuts ambiguity through a framework that is supported for clarity Stablecoin issuer backs up in USD at a 1:1 price.

Regarding Ripple’s RLUSD, crypto analysts believe the newly approved bill position favorably, allowing it to leverage all key pillars of legislation, including regulatory compliance, price cuts and cross-platform interoperability. By pinning the value of RLUSD to Our treasury The Genius Act placed it under a federal umbrella of legal clarity, creating a fertile environment to stabilize stable adoption.

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