๐จ *Ripple CEO Brad Garlinghouse Reacts to GENIUS Act Passing* ๐๏ธ๐ฌ
Ripple CEO *Brad Garlinghouse* has responded to the *passage of the GENIUS Act*, the new U.S. stablecoin legislation aimed at regulating the issuance and use of stablecoins like USDC and USDT ๐ช๐
What Brad Said ๐ฃ๏ธ Garlinghouse called the bill a *โstep in the right directionโ* for crypto regulation in the U.S., saying it creates *clearer rules* for stablecoin issuers while promoting *innovation and consumer protection* ๐บ๐ธโ
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Why It Matters ๐ง - The GENIUS Act is the *first major stablecoin bill* to pass the Senate โ a big regulatory win for crypto - Ripple is developing its own *stablecoin*, so this could pave the way for *U.S.-compliant launch and usage* ๐ต - Bradโs support shows Ripple is ready to *work with regulators* rather than fight them
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Market Impact ๐ฎ - *Bullish for XRP* and Ripple-backed projects ๐ - Could attract more *institutional capital* into stablecoins and related ecosystems - Sets the tone for broader *crypto legislation clarity*, which the market craves right now
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In short: Rippleโs CEO sees this as *regulatory momentum* finally going cryptoโs way. More clarity = more growth ๐๐ฅ
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