Ripple CEO Brad Garlinghouse has welcomed the recent passage of the U.S. stablecoin bill, calling it a landmark moment for the digital asset industry and a clear sign that the regulatory environment for crypto is shifting in a positive direction. Speaking at the XRP Ledger Apex conference in Singapore, Garlinghouse emphasized that the success of Circle’s IPO and the bipartisan momentum behind the GENIUS Act reflect a new era of institutional and retail confidence in blockchain-based finance.
A New Era for Stablecoins and Regulation
Garlinghouse’s optimism is rooted in the belief that regulatory clarity—not deregulation—is what the crypto sector needs to thrive. The GENIUS Act, which recently passed the Senate after extensive debate and over 40 amendments, is expected to become law by August. This legislation aims to provide a clear legal framework for stablecoins in the U.S., addressing long-standing concerns about compliance and investor protection.
“Regulatory headwinds have turned into tailwinds in the U.S., which is a positive signal for the global crypto landscape,” Garlinghouse stated, highlighting the shift from uncertainty to progress 2.
Global Momentum for Stablecoin Legislation
The U.S. is not alone in its push for stablecoin regulation. Garlinghouse pointed out that other major jurisdictions, including Hong Kong and South Korea, are also advancing their own stablecoin laws. This trend toward global regulatory alignment is seen as a crucial step for the mainstream adoption of digital assets and the broader integration of blockchain technology into traditional finance.
Market Confidence Reflected in Circle’s IPO
The recent IPO of Circle, a leading stablecoin issuer, was cited by Garlinghouse as a strong indicator of growing investor demand for crypto assets. The successful public listing is viewed as a vote of confidence in the future of blockchain-based financial products and the companies building them.
Ripple’s Strategic Position
While speculation continues about potential mergers or acquisitions between Ripple and other major players like Circle, Garlinghouse declined to comment on any such developments. Instead, he reiterated Ripple’s commitment to supporting regulatory progress and fostering innovation within the stablecoin ecosystem .
What’s Next for Crypto Regulation?
With the GENIUS Act poised to become law, the U.S. is set to provide much-needed legal clarity for stablecoin issuers and users. This move is expected to attract further institutional investment and accelerate the adoption of blockchain technology in mainstream finance, positioning the U.S. as a leader in the global digital asset market .
