Ripple CEO Hails GENIUS Act as Historic Milestone for US Fintech

• The GENIUS Act provides the regulatories clarity for Ripple, positioning XRP as a key player in the stablecoin and cross-border payments space.
• Analysts predict that XRP’s price could rise to $4–$7 by year’s end if the GENIUS Act passes, with the potential introduction of XRP ETFs boosting demand.

Ripple CEO Brad Garlinghouse has celebrated the message of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by the U.S. Senate, describing it as a “truly historic moment” for fintech and digital assets.

However, what exactly does the GENIUS Act really do? The GENIUS Act, backed by Senators Gillibrand, Lummis, Scott, and Hagerty, sets firm standards for stablecoin issuers like Ripple.

The key rules include: (1) 1:1 reserve backing with U.S. dollars or Treasury bills, (2) monthly transparency reports and annual audits, and (3) only regulated financial institutions can issue dollar-backed stablecoins. Garlinghouse noted,

For years, crypto companies have asked for clear rules. This is a major step.

According to reports, Ripple is now very well positioned to benefit. Its stablecoin, RLUSD, launched in 2024, now has a market cap of $470 million and already meets all GENIUS Act requirements.

In addition, Ripple also holds over 50 money licenses and works with institutions like BNY Mellon, making it a strong fit for the new rules.

Lastly, Ripple has also applied for a national bank charter and a Fed master account, allowing it to hold reserves directly with the U.S. central bank—another move toward deeper integration with the financial system.

As highlighted in a previous CNF report, several analysts are optimistic that many institutions could choose XRP for cross-border payments. So far, therefore, Ripple has partnered with over 300 companies globally, including Mastercard and Standard Chartered, and continues to push for deeper institutional use.

Implications of the Milestone for XRP Market Price

As for the implications for XRP’s market price, the passage of the GENIUS Act and Ripple’s favorable positioning have significant implications for the market price of XRP. The regulatory clarity provided by the Act enhances institutional trust in Ripple’s ecosystem, particularly RLUSD and the XRP Ledger, which could drive demand for XRP as a utility token for transaction fees and cross-border settlements.

As of now, XRP is trading at $3.56 USD, reflecting a 13.43% increase over the past day and 39.01% over the past week. If the GENIUS Act passes the House and is signed into law, analysts predict XRP could possibly high chance rise to $4–$7 by year’s end, especially with the possibility of XRP ETFs entering the market. See XRP price chart below.

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