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Key Takeaways:
- GENIUS Act establishes a clear framework for stablecoins and digital assets in the US.
- Major crypto leaders from Ripple, Coinbase, and TRON praised the bipartisan legislation.
- The law positions the US as a potential global leader in crypto innovation and regulation.
The United States took a bold leap forward in digital asset regulation with the passage of the GENIUS Act, a comprehensive legislative package aimed at regulating stablecoins and fostering crypto innovation. Backed by President Donald Trump’s promise to make the US the “crypto capital of the world,” the move triggered a national debate, with the House declaring “Crypto Week” and Democrats voicing concerns. Despite the political tension, major industry players have hailed the legislation as a transformative moment.
Ripple Applauds “Historic” Progress in US Crypto Policy
Ripple CEO Brad Garlinghouse was quick to celebrate the GENIUS Act, calling it a “historic moment” for financial innovation in the US. Posting on X (formerly Twitter), Garlinghouse thanked the bipartisan leaders who drove the bill forward and highlighted the significance of having clear rules in a space that hadn’t seen major regulatory updates in over 15 years.
The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
— Brad Garlinghouse (@bgarlinghouse) July 17, 2025
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and… https://t.co/002tVEofWs
“This moment is a historic one, and I, for one, am looking forward to all that is to come,” Garlinghouse said.
Ripple’s Chief Legal Officer, Stuart Alderoty, also welcomed the legislation, especially its focus on stablecoins and regulatory clarity. He said it meets the long-standing demand from the American public for a framework that balances innovation with consumer protection.
TRON and Coinbase Align on Dollar-Backed Stablecoin Future
Justin Sun, TRON founder and crypto billionaire, praised the GENIUS Act as a “blueprint for responsible innovation.” Sun believes the legislation marks a turning point that will define how the US interacts with digital assets on the global stage.
Also Read: Trump Set to Sign GENIUS Act: Major Stablecoin Regulation Overhaul Coming to US
Echoing these sentiments, Coinbase Legal Officer Paul Grewal focused on the bill’s implications for the future of the US dollar in a digital world. With over $190 billion in dollar-backed stablecoins already in global circulation, Grewal said the GENIUS Act could secure US dominance in the crypto economy. He expressed his appreciation for the Constitution’s adaptability in embracing forward-looking policies.
A Defining Week for Crypto in the United States
With strong endorsements from Ripple, Coinbase, and TRON, the GENIUS Act is being hailed as a landmark in the evolving US crypto narrative. As legislative clarity becomes a reality, industry leaders and investors alike now await the bill’s implementation and its potential ripple effects across global markets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
