This week, a procedural vote in the House of Representatives set the stage for a full debate on the GENIUS Act, one of three crypto-related bills advancing through Congress.
Preparing for the GENIUS Bill Debate
The recent vote in the House of Representatives brought attention to the GENIUS Act, which proposes a federal framework for regulating stablecoins and creates a clear regulatory environment for digital asset compliance.
Goals of the GENIUS Bill
The GENIUS Act has already passed in the Senate and is part of a legislative package that includes the Digital Asset Market Structure Clarity Act and the Anti-CBDC Surveillance State Act. These measures passed through a key vote after months of internal disagreement among GOP members.
XRP's Path to Institutional Adoption
Research indicates that aligning the resolution of the lawsuit between Ripple and the SEC with the provisions of the GENIUS Act may lower barriers for XRP's access to U.S. financial infrastructure. Ripple anticipates an ease in restoring trust among large investors, which could support its price.
If the GENIUS Act is passed, opportunities for XRP may open up faster than many expected, providing greater clarity and attracting institutional investors.
