Ripple CEO Brad Garlinghouse Highlights Circle IPO as U.S. Stablecoin Regulation Indicator
At the XRP Ledger Apex conference in Singapore, Ripple Labs CEO Brad Garlinghouse expressed optimism about stablecoins, citing the successful IPO of Circle as evidence of strong investor interest in cryptocurrencies.
- The Circle IPO indicates significant demand from both institutional and retail investors.
- Garlinghouse attributed part of this success to anticipated passage of the GENIUS Act, a U.S. stablecoin regulatory bill with bipartisan support.
- This legislation may be enacted by August recess, signaling positive changes in U.S. crypto regulation.
- Garlinghouse noted that regulatory challenges are turning into opportunities for growth in the global crypto landscape.
- Other regions, such as Hong Kong and South Korea, are also advancing their own stablecoin regulations.
- He did not comment on rumors of a potential merger or acquisition involving Ripple and Circle.
Apex will continue in Singapore through Wednesday.