🚨 Ripple CEO Calls for Urgent Passage of Stablecoin Legislation in the U.S.! 💥💸

Ripple's CEO Brad Garlinghouse recently urged U.S. senators via social media platform X to pass stablecoin legislation as soon as possible. He emphasized, "The sooner the U.S. establishes clear rules, the more it can benefit from this technology." He pointed out that stablecoins are rapidly growing globally, and a clear regulatory framework must be established quickly.

However, the GENIUS Act failed to pass due to procedural hurdles in the Senate, preventing it from reaching a final vote. Senators indicated that Democrats are still unfamiliar with the content of the bill, and some Republicans oppose the risks associated with it. The bill is expected to be reconsidered soon.

U.S. Treasury Secretary Yellen stated that this legislation presents a "once-in-a-lifetime opportunity" to enhance the dollar's dominance, but if not passed, innovation may flow overseas. Galaxy CEO Mike Novogratz also supports stablecoin legislation, emphasizing that this should be an urgent task for bipartisan cooperation.