In July 2025, the US took a significant step in cryptocurrency regulation by passing the GENIUS Act, which sparked active reactions from key players in the crypto industry.
Major Player Reactions to the GENIUS Act
Ripple's CEO Brad Garlinghouse expressed his delight on X about the passing of the GENIUS Act, marking it as a historic moment. He thanked lawmakers for their willingness to innovate in the financial sector, reminding that the last significant regulatory bill was passed 15 years ago.
CITE_W_A: "This moment is historic, and I, for one, am looking forward to all that is to come as a result of this transformational legislation." — Brad Garlinghouse
GENIUS Act: The Path to Digital Assets
Ripple's Chief Legal Officer Stuart Alderoty emphasized the importance of clear regulatory frameworks for digital assets, viewing the stablecoin legislation as a significant win for Americans. He stated the existence of workable, clear frameworks for crypto and stablecoins will foster innovation and protect consumers.
CITE_W_A: "This is exactly what the American people have been asking for." — Stuart Alderoty
The Potential of Stablecoins in the US
Crypto billionaire and TRON founder Justin Sun supported the GENIUS Act from the outset, noting that the stablecoin legislation serves as a blueprint for responsible innovation in the digital assets space. He and Coinbase's Legal Officer Paul Grewal expressed hope that this bill would help the US maintain a leading position in the global crypto landscape, as $190 billion in dollar-backed stablecoins are already in circulation worldwide.
The passing of the GENIUS Act marks an important milestone in the development of cryptocurrency regulation in the US. Positive feedback from key industry participants indicates high expectations and hopes for future efforts to create a stable and secure ecosystem for digital assets.
