🚀 U.S. House Passes GENIUS Act—XRP Rockets 16% Overnight

The crypto world just got a jolt of adrenaline. The U.S. House greenlit the GENIUS Act—and XRP’s price responded like a SpaceX launch, surging 16% in hours. Here’s why Wall Street’s scratching its head.

### Regulatory Tailwinds or Just Hot Air?

Politicians love slapping fancy names on bills—this one’s no different. But for once, the market’s buying it. XRP holders are popping champagne while Bitcoin maxis mutter into their ledgers.

### The Ripple Effect

No, this isn’t 2020’s lawsuit déjà vu. The GENIUS Act actually clarifies crypto’s regulatory fog—or at least pretends to. Suddenly, institutional money’s eyeing XRP like a last-call bar patron.

### The Cynic’s Corner

Let’s be real: Congress moves slower than Bitcoin’s confirmation times. That this bill passed before 2030? Maybe the lobbyists finally upped their bribe… err, *consulting fees*.

One thing’s clear—when DC and crypto collide, strap in for volatility. Today’s winners? XRP bagholders. Tomorrow’s? Probably the lawyers.

• U.S. House passed three major crypto bills, showing rare bipartisan support for the industry.
• The GENIUS Act is heading for the President’s signature, making it the first real crypto law in U.S. history.
• XRP jumped 16%, reaching $3.52, with the market showing strong excitement across the board.

Lawmakers in the U.S. House came together on July 17 to approve three big crypto bills. These include the GENIUS Act, the CLARITY Act, and the Anti-CBDC Act. It’s a major step forward for crypto regulation, something the industry has been pushing for over the past few years.

Eleanor Terrett, a well-known voice in crypto reporting, confirmed that the GENIUS Act is set to become the first official law in the crypto space. The bill passed the House with strong backing, 308 votes in favor and 122 against, with more than 100 Democrats supporting it. The signing is expected to happen at the WHITE House the next day.

BREAKING (I rarely use that term anymore, but this time I think it’s warranted): All *three* crypto bills just passed the House and the GENIUS Act is now headed to @realDonaldTrump’s desk to become the first major piece of crypto legislation signed into law.

Despite the…

The CLARITY Act, which aims to settle the long-running power struggle between the SEC and CFTC, also passed with a 294–134 vote. Even here, 78 Democrats voted in favor, far more than expected. The Anti-CBDC Act faced more pushback, passing by a slim margin of 219–210. Only two Democrats supported it.

Ethereum developer Eric Conner called the moment a turning point. He pointed out that the CLARITY Act could finally give ethereum the clear classification it needs, calling ETH a commodity and removing the uncertainty that has hurt its growth. This move could free up builders and companies to work without worrying about legal gray areas.

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A pivotal day for crypto policy in the U.S. The House just advanced a legislative package that provides the most significant regulatory clarity to date. Let's break down what the CLARITY, GENIUS, and Anti-CBDC acts mean for the future of Ethereum and its ecosystem.

The GENIUS Act focuses on stablecoins. With this law, assets like USDC could gain stronger backing and clearer rules, giving decentralized finance apps a safer foundation to grow. Conner also said the Anti-CBDC Act protects the space from the risk of a government-controlled digital currency, which many fear could limit the open nature of crypto.

Ripple Chief Welcomes Change After Years of Waiting

Brad Garlinghouse, Ripple’s CEO, said this is the most important moment for U.S. financial law since the 2008 crisis. With stablecoins now being taken seriously by lawmakers, he sees the U.S. as finally stepping into the future of finance. Garlinghouse gave credit to leaders from both parties who managed to push the GENIUS Act through.

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… https://t.co/002tVEofWs

Now that the GENIUS Act is heading to the President’s desk, it’s just a step away from becoming law. The other two, the CLARITY and Anti-CBDC Acts, still need to pass the Senate.

XRP Price Shoots Up as Traders React to GENIUS Act News

The market didn’t wait to celebrate. XRP saw a massive 16.51% surge, pushing the price to $3.52. That’s just 8% below its record high. The rally also took XRP above all major moving averages, a sign of strong momentum.

The Relative Strength Index now sits at 88.81, clearly overbought. While this could lead to a short pause or dip, strong trends often hold up longer than expected. The MACD shows growing momentum, with a healthy gap between trend lines and a rising histogram.

XRP’s next target could be $4.00, but with the market heating up fast, traders should be alert. Pullbacks are common after such sharp moves, though the trend for now remains strongly in favor of the bulls.