XRP News Today: XRP Surges 43% as U.S. House Passes Crypto Bills

Cryptocurrencies XRP and Dogecoin have surged in value, with XRP experiencing a 43% increase over the past week. This rally is driven by speculative capital, as investors pour money into these altcoins. The U.S. House of Representatives has passed three significant bills related to cryptocurrency regulation, which could further influence the market dynamics. These legislative developments are expected to provide a more stable regulatory framework for the crypto industry, potentially attracting more institutional investors and boosting market confidence. The passage of these bills marks a pivotal moment for the crypto industry, as it seeks to integrate more seamlessly with traditional financial systems. The regulatory clarity provided by these bills could pave the way for increased adoption and innovation within the crypto space.

Among the bills passed, the GENIUS Act now heads for President Trump’s desk after clearing the Senate last month. If signed into law as expected, it would establish a framework for private companies to issue stablecoins under specified regulations, including reserve requirements, audits, and transparency standards. Additionally, the House also passed the CLARITY Act and the Anti-CBDC Surveillance State Act. The former is designed to establish a framework for cryptocurrency regulation, while the latter would prevent the Federal Reserve from issuing a central bank digital currency. Both bills await Senate approval before advancing to the President.

The legislative push marks a significant development in the U.S. President Donald Trump administration’s goal of reshaping American crypto policy and making the country a “crypto capital of the world.” The passage of Trump’s Big Beautiful Bill, meanwhile, “extends previous tax cuts, in addition to boosting government spending." An increase in government spending stokes fears of a possible debt crisis and inflation, leading investors to flock to assets like crypto to outpace inflation. This macroeconomic factor, along with favorable U.S. government policy and well-timed institutional engagement, has resulted in a resurgence of interest in the crypto market.

XRP, in particular, is seeing a sharp uptick in new addresses joining the network. This development is considered bullish as it denotes an inflow of new capital. Higher beta to Bitcoin is a key reason for the recent outperformance of XRP and Dogecoin relative to their peers, which also attracts “speculative capital seeking amplified returns." However, these assets also undergo steep corrections during downturns. Other altcoins, such as Curve DAO, Bonk, and Hedera, have also soared more than 40% in the past week. XLM stands as one of the most “bullish charts” among top cryptos, according to a veteran trader.