U.S. Crypto Regulation Wins Historic Approval with GENIUS Act, Celebrates Ripple CEO
In a significant move for the crypto industry, the USA passed the GENIUS Act in July 2025, marking a substantial step forward in the regulatory space. The act, designed to provide clarity on digital assets, has been met with widespread approval from key players in the industry.
Ripple's Chief Legal Officer, Stuart Alderoty, voiced his support for the act, seeing it as a massive win for Americans. He believes the legislation will offer more clarity on regulations, foster innovation, and protect consumers. Alderoty even went as far as writing a letter to Democratic Congressman Tom Emmer to express his views on digital asset regulation.
Ripple's CEO, Brad Garlinghouse, also applauded the US lawmakers for passing the GENIUS Act. He anticipates the passing of stablecoins legislation, which he believes will pave the way for the USA to become dominant in the global crypto space.
Justin Sun, the founder of TRON, expressed his support for the GENIUS Act from the beginning. He sees the act as a turning point for the USA, believing it serves as a blueprint for responsible innovation in the digital assets space. Sun is grateful for the potential the act holds to boost innovation and consumer protection in the crypto space.
Paul Grewal, Legal Officer at Coinbase, shares similar views on stablecoin legislation and other new bills in the US. He encourages the bill for the USA to become dominant in the global crypto space. Grewal believes the bill can pave the way to maintain US dollar dominance, as $190 billion in dollar-backed stablecoins are already in circulation globally.
The major crypto players, including Ripple, Coinbase, and TRON, have praised the GENIUS Act legislation. Justin Sun even sees the act as a significant milestone for the USA, expressing his desire to make the USA the crypto capital of the world, a sentiment echoed by President Trump.
However, the House's declaration of crypto week was met with opposition from democrats. Despite this, the passing of the GENIUS Act has been celebrated by the crypto community as a step towards a clearer and more innovative future for digital assets. Both Sun and Grewal express their gratitude for the potential the act holds to shape the future of the crypto industry.
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