XRP Surges 100% to $3.65 on US Crypto Legislation
Ripple’s native token, XRP, has achieved a significant milestone by breaking its all-time high, reaching $3.65. This surge follows the U.S. House of Representatives’ passage of two major crypto-focused legislative bills: the GENIUS Act and the CLARITY Act. The GENIUS Act, which stands for framework, aims to establish the first federally regulated stablecoin system, with Ripple’s RLUSD expected to serve as the underlying asset. The CLARITY Act, on the other hand, focuses on enhancing disclosures, licensing, and consumer protection for digital asset firms.
These legislative actions are seen as regulatory breakthroughs for digital assets in the United States, reducing regulatory ambiguity, particularly for XRP, which has been involved…
