koinmilyoner
--
Bullish
🔥 XRP Smashes ATH as Garlinghouse Celebrates GENIUS Act Win! 🥂🚀
Friday's XRP rally hits a record $3.66 before backtracking.
The GENIUS Act established the US as a leader in financial technology, according to Ripple CEO Brad Garlinghouse.
XRP spot volume is neutral despite the price spike, signaling potential upside.
XRP rose to a new all-time high of $3.66 before falling to $3.44 on Friday. After three crypto laws passed in the US House of Representatives on Thursday, investors raised their exposure to the cross-border money remittance coin.
The House passed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), the Digital Asset Market CLARITY Act (CLARITY Act), and the Anti-Central Bank Digital Currency Surveillance State Act (Anti-CBDC Act), which could lead to clear US cryptocurrency regulations.
XRP seems to be continuing its climb after crypto measures passed.
In a post on X, Ripple CEO Brad Garlinghouse said, “the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins.”
Besides XRP, Ripple produces RLUSD, a regulatory-compliant stablecoin for institutions. RLUSD is the 16th-largest stablecoin, worth $517 million.
The GENIUS Act is planned to provide a clear federal and state stablecoin regulatory framework, enabling US digital financial technology innovation.
Stuart Alderoty, Ripple's CTO, said “at long last, there’s movement on workable, clear frameworks for crypto and stablecoins that will both foster innovation and protect consumers.” The GENIUS Act will be signed by US President Donald Trump.
To compete with Global SWIFT, Ripple is building its stablecoin infrastructure. Garlinghouse predicted in June that the XRP Ledger (XRPL) might capture 14% of SWIFT's liquidity, connecting the conventional banking system to the digital asset sector.
#xrp #XRP #PowellVsTrump #USCryptoWeek $XRP
Friday's XRP rally hits a record $3.66 before backtracking.
The GENIUS Act established the US as a leader in financial technology, according to Ripple CEO Brad Garlinghouse.
XRP spot volume is neutral despite the price spike, signaling potential upside.
XRP rose to a new all-time high of $3.66 before falling to $3.44 on Friday. After three crypto laws passed in the US House of Representatives on Thursday, investors raised their exposure to the cross-border money remittance coin.
The House passed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), the Digital Asset Market CLARITY Act (CLARITY Act), and the Anti-Central Bank Digital Currency Surveillance State Act (Anti-CBDC Act), which could lead to clear US cryptocurrency regulations.
XRP seems to be continuing its climb after crypto measures passed.
In a post on X, Ripple CEO Brad Garlinghouse said, “the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins.”
Besides XRP, Ripple produces RLUSD, a regulatory-compliant stablecoin for institutions. RLUSD is the 16th-largest stablecoin, worth $517 million.
The GENIUS Act is planned to provide a clear federal and state stablecoin regulatory framework, enabling US digital financial technology innovation.
Stuart Alderoty, Ripple's CTO, said “at long last, there’s movement on workable, clear frameworks for crypto and stablecoins that will both foster innovation and protect consumers.” The GENIUS Act will be signed by US President Donald Trump.
To compete with Global SWIFT, Ripple is building its stablecoin infrastructure. Garlinghouse predicted in June that the XRP Ledger (XRPL) might capture 14% of SWIFT's liquidity, connecting the conventional banking system to the digital asset sector.
#xrp #XRP #PowellVsTrump #USCryptoWeek $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
