The GENIUS Act has been signed into law, and regulatory changes are coming.
The GENIUS Act, signed by President Trump with bipartisan support, establishes regulatory principles for stablecoins used in payments. The scope of this unprecedented legislation requires federal oversight and compliance from all issuers.
Bipartisan support was evident with the bill's passage in the Senate (68-30) and the House (308-122). Federal agencies are responsible for implementation and oversight, with the Office of the Comptroller of the Currency playing a key role.
Major stablecoin issuers in the U.S. face compliance regulations that impact operational costs and oversight. Potential regulatory changes may enhance regulatory transparency but will require accountability in the digital asset market. As stated in the SEC's announcement regarding the regulation of stablecoins and cryptocurrencies, these frameworks may improve market stability.
The GENIUS Act does not specify a source of funding, but compliance costs may rise for payment processors. There has been no official link between Ripple and RLUSD with these changes, indicating that the immediate market impact is limited.
Experts expect financial outcomes from strict adherence to regulations. The stablecoin market is adapting to the new legal framework. "No statement has been issued by Ripple Labs officials, including Brad Garlinghouse and David Schwartz, regarding the GENIUS Act and its implications for $XRP or RLUSD." Ripple and other companies are still waiting for more regulatory guidance to officially enter the market. For those interested, the full text of the law provides further details.
