XRP News Today: House Passes GENIUS Act 308-122, Trump to Sign

The U.S. House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) on July 17, 2025, with a significant bipartisan support of 308–122. The bill, which had already cleared the Senate in June, is now awaiting President Donald Trump’s signature to become law. Once signed, the GENIUS Act is set to be the most impactful financial legislation since the Dodd-Frank Act of 2010.

Ripple CEO Brad Garlinghouse celebrated the passage, describing it as a historic moment. He emphasized that the last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Garlinghouse stated that the signing of the GENIUS Act would solidify the U.S.’s position as a leader in innovative financial technology, particularly in stablecoins. He expressed excitement about the transformational potential of this legislation.

The GENIUS Act establishes a comprehensive national regulatory framework for U.S. dollar-backed stablecoins. Under this law, only licensed entities such as banks, credit unions, and qualified fintech firms can issue these payment stablecoins. Issuers must maintain full one-to-one reserves, undergo monthly third-party audits, and operate under the supervision of federal or state regulators. Algorithmic stablecoins and those not pegged to the dollar are excluded from this legal category. Consumer protections are enhanced, with holders having a first claim on reserves in the event of insolvency, and issuers are prohibited from offering interest on their coins, although third-party platforms may still do so.

This development marks a significant week for crypto policy on Capitol Hill. Alongside the GENIUS Act, the House also passed two other major crypto bills: the Clarity for Digital Tokens Act, which aims to resolve regulatory uncertainty between the SEC and CFTC, and the Anti-CBDC Surveillance State Act, which seeks to block the issuance of a Federal Reserve-backed digital currency. While those two bills still require Senate approval, the GENIUS Act is now ready to be signed into law.

The passage of the GENIUS Act was not without challenges. Despite delays and pushback from a faction of House conservatives, the bill advanced after personal involvement from President Trump, who has taken a vocal pro-crypto stance during his second term.

The crypto market responded positively to the news, with XRP rallying over 9%. Several altcoins also saw similar momentum. Financial giants such as JPMorgan, Circle, and Coinbase praised the legislation, citing the newfound clarity as a green light for deeper institutional involvement. For Ripple and its global XRP ecosystem, the GENIUS Act is a significant victory. It legitimizes stablecoins as a regulated component of the U.S. financial system, paving the way for Ripple to expand its U.S. operations and further integrate stablecoin functionality, including RLUSD, into global payments infrastructure.

President Trump is expected to sign the bill into law on July 18. Once enacted, regulators will have 180 days to issue implementing rules. Full enforcement of the GENIUS Act is expected by the end of 2026. For Brad Garlinghouse and the XRP Army, this legislation is more than just a regulatory milestone; it signals the U.S. is finally embracing the future of finance, with Ripple and XRP poised to play a central role in the digital transformation of money.