In the summer of 2025, the United States made a dramatic leap into the realm of cryptocurrency regulation. President Trump, ever the visionary, promised to transform the country into the world’s cryptocurrency capital. Meanwhile, Congress declared a “crypto week,” the Democrats grumbled, and the GENIUS Act emerged like a knight in shining armor. Suddenly, the US had a new stance on digital assets. History in the making? Well, it depends on whom you ask, but there was certainly a lot of applause from the crypto industry. 🎉
As lawmakers wrestled with legal jargon, crypto moguls from Ripple, Coinbase, and TRON made their voices heard, not just in support, but with a sense of triumph. “Victory is ours!” they declared. And, in the midst of all this, the GENIUS Act was heralded as a monumental win for the United States. 🇺🇸
Crypto Giants React to the GENIUS Act
Ripple’s CEO, Brad Garlinghouse, took to X (formerly Twitter) with his signature enthusiasm, gushing over the passing of the GENIUS Act. He couldn’t help but bask in the glory of the US moving toward financial innovation. Apparently, it had been 15 long years since the last major regulation bill, and Garlinghouse was more than ready to celebrate this new era. 🥳
He tweeted, “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.” Sure, Brad, we’ll just pretend it was all bipartisan. 🤭
A New Era for Digital Assets
The founder of TRON, Justin Sun, who’s never one to shy away from positive press, welcomed the GENIUS Act with open arms. He praised the stablecoin legislation as a blueprint for innovation in the digital asset sector. He called it a turning point for the US, though we’re not sure if he meant a “turning point” in the most literal sense, considering he has a tendency to overhype things. 😅
Paul Grewal, the Legal Officer at Coinbase, also threw his support behind the stablecoin legislation. He echoed Sun’s sentiments, noting that the bill would help the US dominate the global crypto scene. Grewal mused, “This bill can pave the way to maintain US dollar dominance, as $190 billion in dollar-backed stablecoins are already in circulation globally.” Yes, because nothing says “dominance” like printing a bunch of stablecoins. 💵
He even went as far as to thank the US Constitution for its innovative approach to digital assets. Quite the love letter, Paul. Maybe next time, a bouquet of flowers? 🌸
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2025-07-18 12:07