🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
#Crypto Market Rebound# XRP Price Could Benefit from the GENIUS Act – Details Here.
XRP rose more than 6% today after the US House of Representatives voted to advance the GENIUS Act stablecoin bill and the CLARITY Act. This surge pushed XRP within 9% of its all-time high, and the altcoin continues its strongest moves in months.
The Ripple ecosystem will directly benefit from the bill's passage. The company has filed its RLUSD stablecoin with the GENIUS Act's proposed rules.
GENIUS Act Complies with Ripple's RLUSD Roadmap
The GENIUS Act establishes a federal framework for stablecoins. It requires full reserve backing, regular audits, and issuer licensing through US regulators.
Ripple has taken steps to meet these requirements. The company has applied for a national trust bank charter and a Federal Reserve main account.
It also announced BNY Mellon as the official custodian of RLUSD reserves. Assets include U.S. Treasury bonds, cash, and money market funds.
If GENIUS passes, Ripple's RLUSD could quickly qualify as a federally compliant stablecoin. This would give Ripple a first-mover advantage in issuing a regulated stablecoin.
This makes XRP more useful as a liquidity bridge between regulated assets.
XRP Price Could Benefit from RLUSD Growth
XRP plays a key role in Ripple's liquidity products. As RLUSD adoption grows, XRP could facilitate real-time currency swaps and stablecoin conversions.
Ripple already supports stablecoin activities on the XRP Ledger. The GENIUS Act could increase on-chain volume and further increase XRP demand.
Today's procedural victory also reduces the SEC's influence. The GENIUS Act bypasses SEC jurisdiction by transferring oversight to the Treasury and OCC.
This shift reinforces the narrative of XRP as a utility token, not a security.
Institutional confidence is already growing. XRP's recent rally suggests that investors see GENIUS as a turning point for Ripple's regulatory clarity.