#GENIUSAct Capitol Call: Shaping Crypto’s Future with the GENIUS Act
• Critical Moment: The GENIUS Act vote is imminent in Congress—its approval could set stablecoin rules and unlock broader crypto legislation for years to come.
• Garlinghouse’s Mission: Ripple CEO Brad Garlinghouse is en route to Washington, D.C., to advocate for sensible stablecoin and market‑structure reforms under the GENIUS Act.
• Market Reaction: XRP dipped 2.01% on May 19 amid legal uncertainties and fears surrounding the GENIUS Act’s outcome.
• Legislative Stakes: A failed vote could stall all U.S. crypto policy advances until 2029, delaying key frameworks for stablecoins and DeFi.
• Political Undercurrents: Senator Cynthia Lummis’s canceled meeting highlights potential Bitcoin‑only bias in crafting digital‑asset laws.
• XRP Outlook: Technical support holds at $2.30—breaking above $2.65 could target $3.00 and beyond, contingent on legislative clarity.
• BTC Watch: Bitcoin slipped 0.85% to $105,573 as investors brace for the GENIUS Act vote and its ripple effects on ETF flows.
• Investor Insight: Monitor Capitol Hill developments and ETF inflows—positive momentum on both fronts could reignite bullish trends across crypto markets.
• Next Steps: Stay tuned for real‑time updates on the GENIUS Act vote and ensuing policy decisions that will chart crypto’s regulatory landscape.
Disclaimer: This post is for educational purposes only and not financial advice. Always do your own research (DYOR) before making any investment decisions.