Ripple’s RLUSD stablecoin gains ground under the new US GENIUS Act, but XRP sees limited price impact due to supply and regulatory factors.

President Trump signed the GENIUS Act into law on Friday, according to Reuters. The law establishes the first U.S. regulatory framework for dollar-pegged cryptocurrencies known as stablecoins. Trump called the law a “validation” of crypto’s pioneering role,

President Donald Trump on Friday signed the GENIUS Act into law, in a major milestone for the crypto industry and the president’s stated goal of reshaping American crypto policy.