Last Friday, the $XRP staged a strong market rally, reaching a historic high of $3.66 before adjusting to $3.44, driven by the approval of three important cryptocurrency bills in the US House of Representatives.
According to Ripple's CEO, Brad Garlinghouse, the sanctioning of the US National Stablecoin Innovation Guidance and Establishment Act (GENIUS Act) consolidates the country as a global leader in financial technology. In a post on social media, he commented:
"The signing of the GENIUS Act ensures the future of the USA as a benchmark in financial innovation, especially in the stablecoin segment."
Despite the significant appreciation, the spot trading volume of XRP remained neutral, still signaling space for new highs if regulatory optimism is confirmed.
Regulatory framework in the USA
On Thursday, the House approved:
GENIUS Act - establishes federal and state guidelines for the issuance of stablecoins;
CLARITY Act - defines transparency and risk requirements for digital assets;
Anti-CBDC Act - regulates and limits the scope of digital currencies issued by central banks.
The set of measures could bring, for the first time, a clear and cohesive regulatory environment for cryptocurrencies, attracting institutional investors and fostering innovation.
Outlook for XRP and Ripple's stablecoins
Beyond the token $XRP
, Ripple is developing the RLUSD, a stablecoin designed to meet the demands of large financial institutions. Currently, the RLUSD ranks 16th among the largest stablecoins, with a market value of approximately $517 million.
According to Stuart Alderoty, Ripple's Chief Technology Officer, "these legislations are a decisive step towards reconciling innovation and consumer protection, ensuring that the cryptocurrency market grows sustainably."
Brad Garlinghouse also predicts that the XRP Ledger (XRPL) could capture around 14% of the liquidity currently intermediated by SWIFT, connecting traditional banking systems to the universe of digital assets.
With the final signing of the GENIUS Act by President Donald Trump scheduled soon, the crypto ecosystem in the USA is moving towards a new era of structured regulation - and XRP, once again, stands out prominently.