XRP News Today: GENIUS Act Passes Senate Boosting Ripple’s Stablecoin RLUSD

The recent advancement of the GENIUS Act through the U.S. Senate has garnered significant attention, particularly within the digital assets sector. This legislative development introduces a federal framework for regulating stablecoins, which is expected to support companies like Ripple as they expand their payment services within the United States.

The GENIUS Act, passed with bipartisan support, establishes comprehensive guidelines for the issuance and management of stablecoins backed by the U.S. dollar. Its primary goal is to promote financial innovation by providing regulatory certainty to firms operating in the digital currency space. The legislation also aims to enhance the efficiency of domestic and international payment networks while maintaining the U.S. dollar’s leading role in global finance.

Ripple entered the stablecoin market in 2024 with the introduction of RLUSD, its U.S. dollar–pegged digital asset. In a relatively short time, RLUSD has reached a market capitalization of $415 million, positioning Ripple as a notable participant in the compliant digital finance sector. The firm’s expansion efforts have been supported at the state level, with regulatory approvals secured in various jurisdictions. Additionally, Ripple holds more than 50 money transmitter licenses across different U.S. states, authorizing the company to offer cross-border payment services to financial institutions, leveraging both XRP and RLUSD.

The GENIUS Act complements Ripple’s ongoing regulatory compliance efforts by providing a unified national structure for stablecoin regulation. XRP community researcher “SMQKE” recently emphasized on social media that Ripple’s RLUSD is already aligned with the Act’s regulatory expectations. RLUSD is fully backed by U.S. dollar deposits and short-term government securities, with independent monthly attestations verifying its reserves. According to SMQKE, as RLUSD sees increased institutional adoption, the associated use of XRP will also grow. Since transaction fees on the XRP Ledger are paid in XRP and then permanently removed from circulation, this could gradually reduce the overall supply of the token, potentially influencing its value.

The GENIUS Act also helps position RLUSD and XRP as viable alternatives to central bank digital currencies (CBDCs), particularly within a defined and enforceable legal structure. This clarity may improve institutional confidence and accelerate adoption across financial markets. The bill is now under consideration in the House of Representatives. President Donald Trump has publicly urged lawmakers to approve the legislation without delay, citing its importance in maintaining U.S. competitiveness in financial technology.

Some XRP proponents, such as Chad Steingraber, have expressed optimism about the long-term price outlook for the asset. They argue that regulatory milestones like the GENIUS Act could support ambitious growth targets. While future outcomes remain speculative, the alignment of federal and state policies with Ripple’s business model may prove to be a critical enabler of its cross-border payment ambitions using both XRP and RLUSD.