📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
#Crypto Market Rebound# XRP Price Could Benefit from the GENIUS Act – Details Here.
XRP rose more than 6% today after the US House of Representatives voted to advance the GENIUS Act stablecoin bill and the CLARITY Act. This surge pushed XRP within 9% of its all-time high, and the altcoin continues its strongest moves in months.
The Ripple ecosystem will directly benefit from the bill's passage. The company has filed its RLUSD stablecoin with the GENIUS Act's proposed rules.
GENIUS Act Complies with Ripple's RLUSD Roadmap
The GENIUS Act establishes a federal framework for stablecoins. It requires full reserve backing, regular audits, and issuer licensing through US regulators.
Ripple has taken steps to meet these requirements. The company has applied for a national trust bank charter and a Federal Reserve main account.
It also announced BNY Mellon as the official custodian of RLUSD reserves. Assets include U.S. Treasury bonds, cash, and money market funds.
If GENIUS passes, Ripple's RLUSD could quickly qualify as a federally compliant stablecoin. This would give Ripple a first-mover advantage in issuing a regulated stablecoin.
This makes XRP more useful as a liquidity bridge between regulated assets.
XRP Price Could Benefit from RLUSD Growth
XRP plays a key role in Ripple's liquidity products. As RLUSD adoption grows, XRP could facilitate real-time currency swaps and stablecoin conversions.
Ripple already supports stablecoin activities on the XRP Ledger. The GENIUS Act could increase on-chain volume and further increase XRP demand.
Today's procedural victory also reduces the SEC's influence. The GENIUS Act bypasses SEC jurisdiction by transferring oversight to the Treasury and OCC.
This shift reinforces the narrative of XRP as a utility token, not a security.
Institutional confidence is already growing. XRP's recent rally suggests that investors see GENIUS as a turning point for Ripple's regulatory clarity.