Ripple CEO Says Likens GENIUS Act To Major Regulation After 2008 Finanical Crisis | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a landmark moment for both Ripple and the broader crypto industry, US President Donald Trump has officially signed the Guiding and Establishing National Innovation for US Stablecoins Act, or the “GENIUS Act.” Notably, Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse, has likened this newly passed bill to the sweeping reforms enacted after the famous 2008 financial crisis. He calls the GENIUS Act a turning point for digital assets in the United States, signaling a bold step toward better regulatory clarity while cementing the country’s position in the global race for fintech leadership

Ripple CEO Shares Take On New GENIUS Act

On July 17, the US House of Representatives passed the GENIUS Act, a legislative proposal to establish a regulatory framework for US-dollar-pegged cryptocurrencies, also known as stablecoins. Shortly after the bill’s approval, Garlinghouse took to X social media on the same day to share his thoughts

Related Reading: Ripple’s Banking License Update: Major Moves From Regulators Fan Flames Of SupportIn his post, the Ripple CEO offered a measured analysis of the GENIUS Act, drawing parallels to the wave of financial reforms that followed the 2008 economic crisis. According to Garlinghouse, it has been over 15 years since the US passed a regulatory bill of this magnitude, underscoring the significance of the GENIUS Act’s arrival at a moment when the world is rapidly embracing blockchain technology and digital assets.

With President Trump having officially signed the legislation, Garlinghouse emphasized that this new law establishes the US as a clear frontrunner in financial technology innovation—particularly in the realm of stablecoins. The Ripple CEO praised the approved bill as a “transformational” step, one that promises to deliver much-needed regulatory clarity for digital asset and firms while also boosting the confidence among institutions and consumers operating within the digital economy

Notably, Garlinghouse has expressed gratitude to a coalition of lawmakers from both parties whose leadership was instrumental in pushing the bill forward. The CEO indicated that he looks forward to how this historic legislation could reshape the dynamics of stablecoin usage, financial inclusion, and more. For Ripple and other crypto or blockchain companies operating in the US, this act could signal the beginning of a new era defined by regulatory support rather than uncertainty

What The GENIUS Act Means For Ripple’s RLUSD

A crypto analyst identified on X as “All Things XRP” has highlighted the implications of the GENIUS Act on Ripple’s stablecoin, RLUSD. Unlike previous regulatory efforts that have struggled to define crypto assets, the GENIUS Act cuts through the ambiguity by offering a clear and supportive framework for stablecoin issuers backed 1:1 by the US dollar.

Related Reading: Ripple CEO Wants To Take Over SWIFT’s Customers — Centrals Banks Tap InIn the case of Ripple’s RLUSD, the crypto analyst argues that the newly approved bill positions it advantageously, allowing it to capitalize on all key pillars of the legislation, including regulatory compliance, dollar-backing, and cross-platform interoperability. By anchoring RLUSD’s value to US Treasuries and placing it under a federal umbrella of legal clarity, the GENIUS Act creates a fertile environment for mainstream adoption of the Stablecoin.

XRP trading at $3.43 on the 1D chart | Source: XRPUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.