In a historic day for the cryptocurrency space, the U.S. President, Donald Trump, today signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. This landmark event coincided with a monumental surge for XRP, the Ripple-affiliated cryptocurrency, which has finally broken its previous all-time high set in early January 2018.
Ripple Labs CEO, Brad Garlinghouse, took to X (formerly Twitter) to share photos from the White House, where members of the Ripple team were present to witness President Trump’s signature. Garlinghouse highlighted the significance of the GENIUS Act, noting its role in providing clear and “friendly” regulation for the robust $250 billion stablecoin market. He underscored that this legislation marks “a shift from the U.S.’s historically cautious crypto stance.”
While Garlinghouse himself was unable to attend the ceremony in person, he expressed that he was “celebrating from afar,” reposting a tweet from Ripple’s Chief Legal Officer, Stuart Alderoty, who was visibly present in the White House photos. Garlinghouse also acknowledged the U.S. President’s crucial role in this development, particularly given that his family has recently seen a $2 billion wealth gain from crypto investments.
Fueled directly by the news of the GENIUS Act’s signing, XRP, often referred to as the third-largest cryptocurrency by market capitalization, has finally made the long-anticipated move. After years of anticipation, XRP has spectacularly skyrocketed to a new all-time high, surpassing its peak value from early 2018, marking a monumental achievement for its community and holders.
July 2025, Cryptoniteuae
