At a breakthrough, both for Ripple and the wider cryptographic industry, US President Donald Trump officially signed Managing and establishing national innovations for the American Act on Stablecouins or “Genius Act”. In particular, the General Director of Ripple (CEO), Brad Garlinghouse, compared this newly adopted account to broad reforms introduced after the renowned financial crisis in 2008. He calls the genius act a A turning point for digital assets in the United StatesBy signaling a bold step towards better regulatory transparency during consolidation of the country’s position in the global race for FinTech leadership.
Ripple CEO Actions take on Modern Genius Act
July 17 The House of United States representatives adopted the Genius ActLegislative proposal regarding the establishment of regulatory framework for cryptocurrencies dollar -dolled by the US, also known as Stablecouins. Shortly after confirming the accounts, Garlinghouse started to X on the same day to X to share his thoughts.
In his postThe General Director of Ripple offered a measured analysis of the Genius Act, attracting similarities to the wave of financial reforms that took place after the economic crisis in 2008. According to Garlinghouse, over 15 years have passed The US has adopted a draft regulatory law This size emphasizes the importance of the arrival of the Genius act when the world is quick Covering blockchain technology and digital resources.
Because President Trump officially signed the provisions, Garlinghouse emphasized that it was the novel law that establishes the US as a clear leader of the innovation of financial technologies – especially in the field of Stablecouins. The General Director of Ripple praised the approved project as a “transformational” step, which promises to deliver very needed Regulatory transparency for digital assets and companies At the same time, increasing trust among institutions and consumers operating in the digital economy.
In particular, Garlinghouse expressed the gratitude of the coalitions of legislators from both parties, whose leadership played a key role in moving the act forward. CEO indicated that he couldn’t wait to like this Historical legislation It can transform the dynamics of using Stablecoin, financial inclusion and others. In the case of ripple and other cryptographic companies or blockchain operating in the US, this act may signal the beginning of a novel era defined by regulatory support, not uncertainty.
Which means a genius for Rlusd Ripple
Cryptographic analyst identified on X as “All Things XRP” Highlighted Implications of genius of action Ripple’s Stablecoin, Rlusd. In contrast to previous regulatory actions that fought to define cryptographic assets, the genius act crosses ambiguity, offering clear and supporting framework for Stablecoin emitters supported 1: 1 by the American dollar.
In the case of RLUSD Ripple, a cryptographic analyst claims that the newly approved bill is beneficial, allowing him to employ all key pillars of the provisions, including regulatory compliance, dollar combining and inter -point interpellation inter -transformation. Anchoring the value of RLUSD USA Treasuries By placing it under a federal umbrella with legal brightness, the genius act creates a fertile environment for the mainstream of the reception of Stablecoin.
A distinguished picture from Getty Images, chart from TradingView.com
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