- The GENIUS Act gives Ripple regulatory clarity, allowing XRP to become a leading player in cross-border payments and stablecoins.
- 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.
Brad Garlinghouse of Ripple has welcomed the Guiding and Establishing a National Innovation for U.S. Stablecoins.GENIUS) Act by the U.S. Senate, describing it as a “truly historic moment” Fintech and digital assets are a good fit.
But what does the GENIUS Act actually do? The GENIUS Act is backed by Senators Gillibrand and Lummis. Scott and Hagerty also support the act.
There are three main rules: (1) reserve backing of 1:1 with U.S. dollar bills or Treasury notes, (2) transparent monthly reports, and (3) annual audits. Garlinghouse stated,
Crypto companies have been asking for rules that are clear since years. It is a big step.
Ripple has been positioned well to take advantage of the new technology. The stablecoin RLUSD launched in 2024 has a current market cap of over $470,000,000 and is already compliant with the GENIUS Act.
Ripple holds more than 50 money licensings, and it works with BNY Mellon. It is therefore a good fit for these 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.
CNF highlighted this in an earlier article reportSeveral analysts predict that many organizations will use XRP as a payment method for international payments. Ripple, which has partnered up with more than 300 global companies, such as Mastercard, Standard Chartered and others, continues to promote institutional usage.
What does the Milestone mean for the XRP price?
The GENIUS Act’s passage and Ripple’s positive positioning will have a significant impact on the market price of XRP. Ripple ecosystems are more trustworthy because of the regulatory clarity that is provided by the Act. RLUSD XRP Ledger and other utility tokens could increase demand for XRP for payment of transaction fees or cross-border settlements.
XRP currently trades for $0. $3.56 USD is the currency that represents a 13.43% The number of people who have increased their daily activity 39.01% Over the last 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. Below is a chart of the XRP prices.
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Source: www.crypto-news-flash.com
