The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis.
Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology – stablecoins. This moment is a historic one, and I, for one, am looking forward to all that is to come as a result of this transformational legislation.
Thank you to the bipartisan leaders that got it done – @RepFrenchHill, @GOPMajorityWhip, @CongressmanGT, @RepAngieCraig, @RepDustyJohnson, @RepDonDavis, @RepBryanSteil, @RepRitchie, @SpeakerJohnson, and @RepJoshG.
This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.
“There are big skeptics, I think, anytime a new technology, a new industry emerges,” says Ripple CEO Brad Garlinghouse. He points to the success of a Bitcoin ETF, calling it the most successful exchange-traded fund ever in the U.S. https://t.co/lUjZm7UwtB
Last week, @60Minutes interviewed me about crypto, the push for regulatory clarity and how the industry banded together to advocate for pro-innovation candidates (on both sides of the aisle) through Fairshake PAC. Full episode to be aired soon - stay tuned for details