Ripple CEO Predicts U.S. Stablecoin Regulation Following Circle's IPO

According to PANews, Ripple CEO Brad Garlinghouse expressed optimism about the future of stablecoin regulation in the United States during the XRP Ledger Apex Summit in Singapore. He highlighted Circle's successful initial public offering (IPO) as a sign that regulatory clarity for stablecoins is imminent. Garlinghouse anticipates bipartisan support for the GENIUS Act by August, which would establish a clearer regulatory framework for the cryptocurrency industry. Garlinghouse noted a shift in global regulatory trends, citing Hong Kong's recent passage of a stablecoin bill and South Korea's new government advancing related legislation. However, he declined to comment on rumors regarding Ripple's potential acquisition of Circle. Circle's stock surged 168% on its first day of trading last week, reaching a market capitalization of $16.7 billion, indicating strong market interest in crypto assets, particularly in the stablecoin sector.