XRP Army Rejoices As Ripple CEO States the Importance of Passing GENIUS Act Into Law

Key Points

1. The GENIUS Act establishes a national regulatory framework for U.S. dollar-backed stablecoins, requiring licensing for issuers and prohibiting them from offering interest on their coins.

2. The Act was passed alongside two other major crypto bills: the Clarity for Digital Tokens Act and the Anti-CBDC Surveillance State Act, though these still require Senate approval.

3. XRP's price rallied over 9% following the news, and the Act is seen as a victory for Ripple, legitimizing stablecoins and enabling further integration into global payments.

4. President Trump is expected to sign the bill into law on July 18, 2025, with full enforcement anticipated by the end of 2026.

5. The GENIUS Act is considered the most consequential financial legislation since the Dodd-Frank Act of 2010, marking a significant step in U.S. financial regulation.