Ripple CEO Brad Garlinghouse has praised the passing of the GENIUS Act as a watershed moment in U.S. financial history, calling it “a historic milestone” as the bill now awaits the President’s final approval.
The legislation, focused on regulating stablecoins, marks one of the most substantial federal efforts to establish legal clarity for digital assets since the 2008 financial crisis.
In a post shared on X (formerly Twitter), Garlinghouse emphasized the importance of the bill in shaping the future of the digital economy.
He stated that the GENIUS Act confirms the United States’ leadership in financial innovation and underscores the pivotal role stablecoins are set to play in transforming global payments infrastructure.
“This is the moment the U.S. locks in its role as a global leader in stablecoin innovation,” Garlinghouse wrote, sparking widespread celebration across the XRP community.
XRP Community Reacts as Digital Dollar Discussion Gains Momentum
Following Garlinghouse’s remarks, notable crypto voices responded with enthusiasm. Digital finance commentator John Squire (@TheCryptoSquire) posted, “History is being written, and yes, $XRP is front row,” echoing the sentiment that the GENIUS Act could cement the U.S. as a dominant force in shaping digital currency frameworks globally.
The GENIUS Act arrives at a time of growing global competition in the development of central bank digital currencies (CBDCs) and stablecoin adoption. With countries like the United Kingdom and Japan also advancing stablecoin guidelines, the United States’ move positions it more competitively in the evolving digital finance race.
Ripple Legal Officer Backs Framework Expansion
Ripple’s Chief Legal Officer, Stuart Alderoty, also addressed the milestone. In a separate post, Alderoty applauded the momentum behind clearer regulatory standards, noting that the GENIUS Act aligns with the ongoing legislative progress of the CLARITY Act in the Senate.
“The American people have demanded sound frameworks that protect consumers while encouraging innovation,” Alderoty wrote. “We’re finally seeing that momentum translate into law.”
He added that establishing consistent rules across federal and state lines will reduce uncertainty, bolster investor confidence, and give firms operating in the U.S. a level playing field.
Congressional Leaders Signal Bipartisan Commitment to Fintech
The GENIUS Act’s passage through the House of Representatives received bipartisan support, with key lawmakers championing the bill’s focus on modernization and economic resilience.
House Majority Whip Tom Emmer stated that the legislation represents a long-overdue update to the U.S. financial system, reinforcing the dollar’s role as the global reserve currency.
Ripple’s leadership has acknowledged the efforts of legislators, including Rep. French Hill, Rep. Dusty Johnson, Rep. Angie Craig, Rep. Don Davis, and Rep. Bryan Steil, as well as Speaker Mike Johnson. Their united backing reflects a growing consensus in Washington that digital assets deserve a well-defined regulatory environment.
The legislation arrives amid rising pressure on the U.S. to close regulatory gaps that have long plagued crypto companies. Multiple firms have faced enforcement action from the Securities and Exchange Commission due to ambiguities in current law. By introducing regulatory clarity for stablecoin issuers, the GENIUS Act may reduce legal friction and encourage more innovation within the country.
Conclusion
The passage of the GENIUS Act marks a pivotal turning point in the U.S. government’s approach to digital finance. For Ripple and the broader crypto community, it represents a long-awaited step toward regulatory maturity.
As the digital asset industry prepares for a new era of compliance and innovation, stablecoins may now emerge from the regulatory shadows and play a more central role in the next chapter of the global financial system.
