Ripple CEO Brad Garlinghouse has celebrated the signing of the Genius Act as a watershed moment for cryptocurrency regulation, coinciding with XRP achieving a new peak valuation. The landmark legislation establishes comprehensive regulatory frameworks for the $250 billion digital asset market, aiming to balance innovation with robust compliance standards.
XRP surged 16% to reach an all-time high of $3.65 immediately following the Act’s announcement, signaling strong market optimism about regulatory certainty. Industry observers note the correlation between legislative progress and asset performance highlights investor confidence in stable governance structures for blockchain technologies.
The legislation is anticipated to accelerate global efforts toward harmonized cryptocurrency regulations, potentially unlocking heightened institutional participation in digital assets. Ripple’s partnerships with policymakers could further solidify XRP’s utility in cross-border payment ecosystems, leveraging the newfound clarity for enterprise adoption.
Despite a minor 6% correction to approximately $3.44, analysts maintain a bullish outlook for XRP’s trajectory. Market resilience persists amid expectations that regulatory foundations established by the Act may catalyze sustained growth and ecosystem development across the sector.