News View Non-AMP

Ripple CEO Hails GENIUS Act as Historic Win for U.S. Crypto Regulation

Published by
Zameer Attar and Anjali Belgaumkar

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. 

Major Crypto Player Reacting to GENIUS ACT

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.” 

GENIUS Act: The Blueprint for Digital Assets

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. 

FAQs

What is the GENIUS Act?

The GENIUS Act is a new U.S. law creating clear rules for stablecoins and crypto to boost innovation and consumer protection.

How did Ripple react to the GENIUS Act?

Ripple praised the GENIUS Act, calling it a historic moment for U.S. financial innovation and regulatory clarity.

How does the GENIUS Act impact crypto regulation?

The GENIUS Act provides the first federal crypto framework, setting clear rules for stablecoins and digital assets.

Zameer Attar and Anjali Belgaumkar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Recent Posts

Ripple Price Prediction Today As XRP Lawsuit Finally Ends

Ripple and the U.S. Securities and Exchange Commission have officially ended their long-running legal battle…

August 8, 2025

XRP News Today: Ripple Wins Final Victory in SEC Case, Here’s How

After years of legal battles, the Ripple vs SEC case has officially come to an…

August 8, 2025

Breaking: Ripple and SEC Files Joint Dismissal of the Appeals – XRP Price Up 8%

The United States Securities and Exchange Commission (SEC) has filed a joint dismissal of the…

August 8, 2025

President Trump Officially Signs Executive Order to Allow 401(k) To Tap into Bitcoin and Crypto Assets

The United States President Donald Trump has officially signed an Executive Order to allow 401(k)…

August 8, 2025

U.S. President Donald Trump Appoints Stephen Moran as a Fed Board Member: Crypto Extends Bull Rally

The United States President Donald Trump announced the nomination of Dr Stephen Moran, who has…

August 8, 2025

Bitcoin Price Rebounds Above Key Supply Level Around $116k; What’s Next for Altcoins?

Bitcoin (BTC) price led the wider altcoin in a mild rebound on Thursday against the…

August 8, 2025