Ripple CEO Brad Garlinghouse addressed the XRP community, sharing news about the signing of the Genius Act and the cryptocurrency's surge to new heights.
Signing of the Genius Act
Garlinghouse shared photos from the White House, where the Ripple team was present for the signing of the Genius Act by U.S. President Donald Trump. He highlighted that it was a historic day for the crypto space, as the act provides clear and friendly regulations for the $250 billion stablecoin market and marks a shift from the U.S.'s historically cautious stance on cryptocurrencies.
XRP Reaches New All-Time High
Fueled by the news of the Genius Act signing, the third-largest cryptocurrency, XRP, has finally surged to a new all-time high. XRP rose 16%, hitting $3.65, with a 70% increase over the past 30 days. Currently, the price is correcting to $3.44.
Cryptocurrency Market Outlook
These developments underscore positive changes in the cryptocurrency market. It remains important to monitor how new regulations will affect both current and future asset movements.
The signing of the Genius Act and the surge of XRP highlight significant changes in government regulators' attitudes toward the cryptocurrency market, potentially influencing its future.
