{"id":37815,"date":"2025-07-20T02:31:36","date_gmt":"2025-07-20T02:31:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37815"},"modified":"2025-07-20T02:31:36","modified_gmt":"2025-07-20T02:31:36","slug":"ripple-ceo-says-likens-genius-act-to-major-regulation-after-2008-finanical-crisis","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37815","title":{"rendered":"Ripple CEO Says Likens GENIUS Act To Major Regulation After 2008 Finanical Crisis"},"content":{"rendered":"
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In a landmark moment for both Ripple and the broader crypto industry, US President Donald Trump has officially signed<\/a> the Guiding and Establishing National Innovation for US Stablecoins Act, or the \u201cGENIUS Act.\u201d Notably, Ripple\u2019s Chief Executive Officer (CEO), Brad Garlinghouse, has likened this newly passed bill to the sweeping reforms enacted after the famous 2008 financial crisis. He calls the GENIUS Act a turning point for digital assets in the United States<\/a>, signaling a bold step toward better regulatory clarity while cementing the country\u2019s position in the global race for fintech leadership.\u00a0<\/p>\n

Ripple CEO Shares Take On New GENIUS Act<\/h2>\n

On July 17, the US House of Representatives passed the GENIUS Act<\/a>, a legislative proposal to establish a regulatory framework for US-dollar-pegged cryptocurrencies, also known as stablecoins. Shortly after the bill\u2019s approval, Garlinghouse took to X social media on the same day to share his thoughts.\u00a0<\/p>\n

In his post<\/a>, the Ripple CEO offered a measured analysis of the GENIUS Act, drawing parallels to the wave of financial reforms that followed the 2008 economic crisis. According to Garlinghouse, it has been over 15 years since the US passed a regulatory bill<\/a> of this magnitude, underscoring the significance of the GENIUS Act\u2019s arrival at a moment when the world is rapidly embracing blockchain technology and digital assets<\/a>.<\/p>\n

With President Trump having officially signed the legislation, Garlinghouse emphasized that this new law establishes the US as a clear frontrunner in financial technology innovation\u2014particularly in the realm of stablecoins. The Ripple CEO praised the approved bill as a \u201ctransformational\u201d step, one that promises to deliver much-needed regulatory clarity for digital asset and firms<\/a> while also boosting the confidence among institutions and consumers operating within the digital economy.\u00a0<\/p>\n

Notably, Garlinghouse has expressed gratitude to a coalition of lawmakers from both parties whose leadership was instrumental in pushing the bill forward. The CEO indicated that he looks forward to how this historic legislation<\/a> could reshape the dynamics of stablecoin usage, financial inclusion, and more. For Ripple and other crypto or blockchain companies operating in the US, this act could signal the beginning of a new era defined by regulatory support rather than uncertainty.\u00a0<\/p>\n

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What The GENIUS Act Means For Ripple\u2019s RLUSD\u00a0<\/h2>\n<\/blockquote>\n

A crypto analyst identified on X as \u201cAll Things XRP\u201d has highlighted<\/a> the implications of the GENIUS Act on Ripple\u2019s stablecoin, RLUSD<\/a>. Unlike previous regulatory efforts that have struggled to define crypto assets, the GENIUS Act cuts through the ambiguity by offering a clear and supportive framework for stablecoin issuers backed 1:1 by the US dollar<\/a>.<\/p>\n

In the case of Ripple\u2019s RLUSD, the crypto analyst argues that the newly approved bill positions it advantageously, allowing it to capitalize on all key pillars of the legislation, including regulatory compliance, dollar-backing, and cross-platform interoperability. By anchoring RLUSD\u2019s value to US Treasuries<\/a> and placing it under a federal umbrella of legal clarity, the GENIUS Act creates a fertile environment for mainstream adoption of the Stablecoin.<\/p>\n

\"Ripple\"<\/div>\n","protected":false},"excerpt":{"rendered":"

In a landmark moment for both Ripple and the broader crypto industry, US President Donald Trump has officially signed the Guiding and Establishing National Innovation for US Stablecoins Act, or the \u201cGENIUS Act.\u201d Notably, Ripple\u2019s Chief Executive Officer (CEO), Brad Garlinghouse, has likened this newly passed bill to the sweeping reforms enacted after the famous […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37815","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37815"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37815\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}