What You Need to Know, In Case You Missed It:
- Brad Garlinghouse, Ripple‘s big boss, is very into stablecoins and totally excited about Circle’s IPO.
- Circle’s IPO was a huge success, meaning investors can’t get enough of crypto (like, literally).
- The GENIUS Act is about to become U.S. law, probably by August, bringing stablecoin regulation along with it. Fingers crossed!
SINGAPORE – So, Brad Garlinghouse, CEO of Ripple Labs, was at the XRP Ledger Apex in Singapore, chatting about how he’s basically living his best life thanks to stablecoins. He also couldn’t stop raving about the spectacularly successful Circle IPO. It’s like, if IPOs were a party, Circle just brought the house down. 🎉
He’s convinced the success of Circle’s IPO isn’t just a fluke. No, folks, it’s a clear sign of growing investor interest in crypto – which is totally a thing now, by the way. “Circle IPO’s clearly went very well. That’s a reflection of investor interest in crypto, both institutions and retail,” Garlinghouse said, casually sounding like someone who’s totally in the know. Oh, and he also added that blockchain is basically the future of finance. Because, of course, it is. 🤑
And here’s where it gets juicy. Garlinghouse thinks the success of Circle’s IPO has a lot to do with the fact that the GENIUS Act – a stablecoin regulatory bill in the U.S. – is about to pass. Like, really soon. In fact, Garlinghouse expects it to be law by August. I mean, sure, that’s like tomorrow in crypto years, right?⏳
According to Garlinghouse, the GENIUS Act is cruising toward Senate approval with bipartisan support. It could then make its way to the House and, voilà, we could all be living under the stability of stablecoin regulation by the time summer’s over. Talk about timing. 🏖️
“Regulatory headwinds have now become tailwinds in the U.S., and that’s good for the global landscape,” Garlinghouse said, feeling all kinds of optimistic. Translation: things are looking up for stablecoins, and the future is looking stable (get it?). “It’s not deregulation that we want, and we are asking for clear regulation, and progress is evident,” he continued. Ah, yes. Progress. The magic word. 💡
Of course, the world isn’t just sitting on its hands while the U.S. catches up. Other countries are also hopping on the stablecoin regulation train, including Hong Kong and Korea. Global domination, here we come! 🌍
By the way, Garlinghouse politely avoided addressing any rumors about a Ripple-Circle merger or acquisition. I mean, who wouldn’t dodge that question like a pro? 💼
And that’s a wrap for now! Apex is still happening in Singapore, so there’s bound to be more juicy updates coming soon. Stay tuned. 😉
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2025-06-11 05:06