The signing of the new Genius Act in the U.S. marks an important milestone for the crypto industry. The long-awaited bill introduces clear and supportive regulations for stablecoins and promotes the development of Ripple and XRP.
Significance of the Genius Act Signing for the Crypto Industry
Ripple CEO Brad Garlinghouse called it a "historic day for crypto," noting that the Genius Act signed by U.S. President Donald Trump has the potential to reshape the regulatory landscape for the $250 billion stablecoin market. Garlinghouse emphasized the significance of the moment for both the company and the entire crypto industry.
XRP Surge Following Positive News
Following the announcement of the signing of the act, XRP's price jumped by 16%, reaching a new all-time high of $3.65. Over the past 30 days, the cryptocurrency's value has increased by 70%, reflecting sustained interest in XRP and rising trading volumes.
Future of Ripple and Innovations in Financial Systems
The signing of the Genius Act and the record growth of XRP signal a key milestone in Ripple's pursuit to transform financial systems. The new regulations create a conducive environment for further innovations and strengthen the U.S. position as a global leader in digital finance, aligning with the company’s long-term vision.
The Genius Act and XRP's surge present new opportunities for Ripple and the entire crypto industry. These changes are expected to foster development and the introduction of new technologies in the financial sector.
