In July 2025, the US took a big step in the crypto regulatory space. President Trump promised to create the US as the crypto capital of the world, the House declared crypto week, democrats opposed it, GENIUS Act legislation — all of this changed the country’s position on cryptocurrency and other digital assets.
While the lawmakers were creating bills, the crypto industry actors proactively shared their opinions. Major crypto players from Ripple, Coinbase, and TRON praised the GENIUS Act legislation and called it a win for the US.
Ripple CEO, Brad Garlinghouse, shared his delight on X, praising the US lawmakers for passing the GENIUS ACT. He applauded that the US is moving toward innovation in the financial space, and said the last major financial regulation bill was 15 years ago.
Garlinghouse stated, “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. Thank you to the bipartisan leaders that got it done.”
While Garlinghouse highly anticipated the passing of stablecoins legislation, Ripple’s Chief Legal Officer, Stuart Alderoty, advocated for the creation of clear rules in digital assets. He sees the stablecoin legislation as a massive win for Americans, as it is expected to provide more clarity on the regulations.
Alderoty stated, “There’s movement on workable, clear frameworks for crypto and stablecoins that will both foster innovation and protect consumers. This is exactly what the American people have been asking for.”
Crypto billionaire and founder of TRON, Justin Sun, positively acknowledged the GENIUS Act from the beginning. He emphasized that the stablecoin legislation serves as a blueprint for responsible innovation in the digital assets space. He supported the move, signifying it as a turning point for the US.
Paul Grewal, the Legal Officer at Coinbase, shared similar views on stablecoin legislation and other new bills in the US. Grewal and Sun both encouraged the bill for the US to become dominant in the global crypto space. Grewal stated that this bill can pave the way to maintain US dollar dominance, as $190 billion in dollar-backed stablecoins are already in circulation globally. He showed his gratitude for the US Constitution and appreciated its innovative ideas on digital assets.
The GENIUS Act is a new U.S. law creating clear rules for stablecoins and crypto to boost innovation and consumer protection.
Ripple praised the GENIUS Act, calling it a historic moment for U.S. financial innovation and regulatory clarity.
The GENIUS Act provides the first federal crypto framework, setting clear rules for stablecoins and digital assets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ozak AI ($OZ) has become a top focus in the ongoing crypto bull market. Built…
The global cryptocurrency market cap stands at $4.13 trillion, up 0.53% in the past 24…
The crypto market has faced a sharp downturn, with major assets like Bitcoin and Solana…
The XRP price has continued to trade in a narrowing price action that’s getting tighter,…
Morgan Stanley, managing $1.3 trillion in assets, has lifted restrictions on Bitcoin and crypto investments…
Story Highlights The Ethereum price today is . ETH price with a potential surge could…
