Ripple CEO Praises Trump as “Most Crypto-Forward” President After genius Act Signing

Ripple CEO Praises Trump as “Most Crypto-Forward” President After genius Act Signing

In a significant move for the crypto industry, Ripple CEO Brad Garlinghouse has publicly lauded the Trump administration as the "most crypto-forward" in U.S. history. His comments came on the heels of the White House signing ceremony for the landmark GENIUS Act, which establishes a regulatory framework for stablecoins [1].

The GENIUS Act, signed into law on July 18, 2025, is the first major legislation in the U.S. to govern digital currency, particularly stablecoins. It aims to create a federal oversight framework for stablecoins, mandating a 1-to-1 backing with dollars or equivalent assets. This move is seen as a crucial step towards integrating cryptocurrencies into the mainstream financial system [3].

Garlinghouse's praise for the Trump administration is notable, given Ripple's history of battling U.S. regulators. The CEO's public endorsement appears to be a strategic move to secure a favorable position in this new era of crypto regulation. His team was present at the White House ceremony, and he celebrated the event from afar on X, Ripple's official social media platform [1].

Other industry leaders have also expressed support for the GENIUS Act. Ripple's Chief Legal Officer, Stuart Alderoty, described the bill as long-awaited regulatory clarity that will help innovators and consumers move forward with confidence in digital financial products. Coinbase's Chief Legal Officer, Paul Grewal, and TRON founder Justin Sun also welcomed the new crypto regulation law, emphasizing the importance of properly collateralized stablecoins for both growth and user protection [1, 2].

The GENIUS Act has been praised for setting clear standards for stablecoins and providing regulatory certainty in the crypto space. This clarity is expected to foster innovation and protect consumers, aligning with the American people's demands for more transparent and secure digital financial products [2].

The signing of the GENIUS Act marks a historic moment for the U.S. in the crypto regulatory landscape. It signifies a significant shift towards embracing digital currencies and stablecoins, positioning the U.S. as a leader in truly innovative financial technology [3].

References:
[1] https://coinedition.com/ripple-ceo-brad-garlinghouse-praises-trump-genius-act/
[2] https://coinpedia.org/news/ripple-ceo-hails-genius-act-as-historic-win-for-u-s-crypto-regulation/
[3] https://www.cbsnews.com/news/trump-signs-genius-act-crypto-bill/