XRP News Today: GENIUS Law Aims to Boost Digital Dollar Globalization

The GENIUS Law, recently signed into law by Donald Trump, is set to significantly influence the digital finance sector. Versan Aljarrah, co-founder of Black Swan Capitalist, suggests that the new legislative framework could position RLUSD as a key tool in the globalization of the digital dollar, under the oversight of the U.S. Treasury Department. This shift is expected to have a substantial impact on the dynamics of the cryptocurrency market.

Aljarrah believes that in the coming months, RLUSD and XRP could challenge the market dominance of Tether’s USDT. The expanding use cases of XRP Ledger (XRPL) indicate that the new law could act as a catalyst in the financial sector, intensifying competition in the digital asset marketplace. The GENIUS Law marks a significant move towards the active involvement of the American government in digital payment systems, with the widespread adoption of the digital dollar being closely watched by both national and international financial markets.

Experts highlight RLUSD’s potential as an effective tool in global digital payments. The law’s new framework raises questions about whether the U.S. Treasury Department will adopt RLUSD as an official digital currency. XRP and XRPL technology offer swift and low-cost solutions for financial transactions, showcasing potential in the sector. Versan Aljarrah noted that the global acceptance of digital assets could pave the way for innovative approaches in the finance sector.

The passage of the GENIUS Law is anticipated to stir competition within the digital asset market. With RLUSD and XRP emerging as rivals to Tether’s USDT, institutions and investors monitoring digital economic policies are keeping a close watch. The sector anticipates that large-scale financial actors will quickly adapt to new digital regulations. Many financial experts suggest that the new laws might shift the balance in the crypto market. The possibility of RLUSD being recognized as an official digital currency by the U.S. Treasury Department depends on future regulatory decisions.

The integration of technological infrastructure and digital assets in financial processes is likely to be a frequently discussed topic moving forward. Central banks and regulatory institutions might develop various policies to establish clear regulatory frameworks for digital assets. With the enactment of the GENIUS Law, there’s an expectation for digital finance to gain more recognition in the mainstream. This period sees a close examination of factors such as the role of digital currencies in international financial systems, regulations, and technological advancements. The innovations introduced by the law may influence the trajectory of the digital economy ecosystem in the forthcoming period. Market movements, interest in digital assets, and regulations highlight the significant role these elements can play in modernizing financial systems.

On July 18, 2025, President Trump signed the GENIUS Act into law, marking a significant milestone in the regulation of stablecoins in the United States. This legislation establishes the first comprehensive federal regulatory framework for stablecoins, aiming to foster institutional investment and provide clarity in the cryptocurrency landscape. The GENIUS Act mandates a 1:1 asset reserve requirement, ensuring that each stablecoin issued is fully backed by reserves, thereby enhancing trust and stability in the digital finance ecosystem.

The GENIUS Act is designed to modernize payment systems and expand the adoption of the digital dollar globally. By creating a clear regulatory environment, the law seeks to boost American dominance in the cryptocurrency sector. Key crypto executives have expressed support for the legislation, recognizing its potential to drive future growth and innovation in the industry. One of the notable aspects of the GENIUS Act is its provision for traditional banks to issue their own stablecoins. This opens new avenues for financial institutions to participate in the digital currency market, potentially leading to increased competition and innovation. Major corporations across various sectors have shown interest in launching stablecoin products, further underscoring the transformative impact of the GENIUS Act.

The legislation also aims to embed a digital financial control grid, ensuring that stablecoins are integrated into the broader financial system in a regulated and secure manner. This approach is expected to enhance the stability and reliability of stablecoins, making them a more attractive option for both institutional and retail investors. The passage of the GENIUS Act, along with the CLARITY Act, provides a comprehensive "landing framework" for the stablecoin sector. This dual legislative effort is set to reshape the digital finance landscape, offering new opportunities for growth and innovation while ensuring regulatory compliance and consumer protection. The GENIUS Act represents a significant step forward in the evolution of digital finance, paving the way for a more stable and secure cryptocurrency ecosystem.