The so-called Genius and Clarity Acts are the first two comprehensive regulatory frameworks passed at the federal level in the States to set the ground rules for the crypto market.
Genius primarily deals with stablecoins while Clarity introduces requirements for token issuers, exchanges, and other similar entities.
It also clarifies which agencies have jurisdiction over different matters pertaining to the crypto market and digital assets – whether it is the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
All of these measures benefit Ripple significantly as this U.S.-based company will now have free runway to start launching enterprise-grade solutions powered by its blockchain that facilitate cross-border payments.
Ripple USD (RLUSD) is a key piece of this puzzle as the network’s native stablecoin. Its role is simple, providing a dollar-pegged asset that can be sent cheaply and rapidly across wallets via the XRP Ledger.
RLUSD’s market cap has been rising steadily since the token was launched in December 2024, moving from around $50 million to $550 million in just a few months. This means an 11x expansion in a very short period.
