GENIUS Act Set US Stablecoin Rules and Spark 9% XRP Rally
For July 17, 2025, di U.S. House and Senate pass di GENIUS Act, wey be landmark stablecoin regulation. Di bill dey wait for President Trump signature make e be law by late 2026. Di GENIUS Act set national framework for U.S. dollar-backed stablecoins. Only licensed banks, credit unions and qualified fintech firms fit issue di compliant stablecoins. Issuers must hold one-to-one USD reserves, submit monthly third-party audits and operate under federal or state supervision. Algorithmic and non-dollar-pegged tokens no dey included. Di law give holders priority claim for reserves and e ban issuers from offering interest. Non-compliant projects, including foreign stablecoins, go face U.S. market bans after three years unless their home-country rules match. Multi-agency oversight by di OCC, FDIC, Fed, NCUA and Treasury go drive implementation. Regulators get 120–180 days after signing to issue detailed rules, full enforcement expected by end of 2026. Dis clarity don already spark 9% XRP rally, as big firms like JPMorgan and Coinbase dey welcome di GENIUS Act as catalyst for institutional stablecoin adoption.
Bullish
For short term, di GENIUS Act comot big regulatory wahala for U.S. stablecoins, e make XRP sharply rally 9% as traders dey expect say on-chain volumes go rise plus institutional partnership. For long term, clear licensing rules and multi-agency oversight go attract banks and fintech companies, e go make regulated stablecoins dey adopted more. Even though wahala for interest-bearing products fit reduce some DeFi liquidity, the overall clarity go support market stability and growth, wey go benefit XRP and crypto networks wey relate.