XRP News Today: XRP Surges 7% to $3.66 on US Crypto Bills Passage

XRP, the cryptocurrency associated with Ripple, has reached a new all-time high of $3.66, surpassing its previous record of $3.40 set in early 2018. This surge in price is attributed to the passage of three significant crypto bills in the United States House of Representatives, namely the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), the Digital Asset Market CLARITY Act (CLARITY Act), and the Anti-Central Bank Digital Currency Surveillance State Act (Anti-CBDC Act). These bills are now awaiting President Donald Trump's signature, which would cement the US's position as a leader in innovative financial technology.

The GENIUS Act, in particular, proposes a federal framework for stablecoins, with Ripple’s RLUSD expected to be the core asset within this system. This framework is anticipated to serve as a gateway for increased institutional activity and signals a broader shift toward clearer cryptocurrency regulation. The legislation passed the House with bipartisan support and is scheduled to be signed on July 18, 2025. The GENIUS Act is expected to establish a comprehensive regulatory framework for stablecoins at both federal and state levels, paving the way for further innovation in digital financial technology. This regulatory clarity is crucial for Ripple, which has been working to establish its stablecoin infrastructure, aiming to compete with the Global SWIFT system.

Even before the GENIUS Act becomes law, XRP has seen a sharp rise in institutional and retail interest. Open interest in XRP derivatives rose 18%, now totaling $10.5 billion. Meanwhile, derivatives trading volume has climbed 140% to reach $39.6 billion. This momentum is attributed to growing confidence in the asset’s regulatory clarity. The recent court ruling on the SEC vs. Ripple lawsuit has significant implications for the broader crypto industry. The ruling clarified that XRP is not a security for retail investors who bought the token via programmatic sales on exchanges, but it is considered a security for institutional investors or over-the-counter sales. This partial win for Ripple could bode well for the broader crypto sector, as most assets eyed by the SEC's crackdown are handled by decentralized entities that sold their tokens mostly to retail investors via exchange platforms.

Ripple's CEO, Brad Garlinghouse, hailed the passage of these bills, particularly the GENIUS Act, as a historic moment. He emphasized that the signing of the GENIUS Act would solidify the US's role in leading the way in stablecoin technology. Ripple's Chief Technology Officer, Stuart Alderoty, also welcomed the development, noting that the GENIUS Act provides a clear and workable framework for both crypto and stablecoins, fostering innovation while protecting consumers. The crypto communities are still looking forward to the signing of the GENIUS Act today. Analysts also predict that the recent surge in the price of XRP may extend as more regulatory certainty is established. The figure has been attained by XRP without an ETF approval being passed, which further points to how much of a game-changer the legislative change is.