11-6-2025 – At the XRP Ledger Apex Summit in Singapore, Ripple’s chief executive, Brad Garlinghouse, radiated confidence about the trajectory of stablecoin regulation in the United States. He pointed to the recent triumph of Circle’s initial public offering (IPO), which saw its stock soar by 168% on its debut, catapulting the company to a $16.7 billion market valuation.
This, Garlinghouse argued, signals that a clearer regulatory landscape for stablecoins is on the horizon, with bipartisan momentum building for the GENIUS Act, anticipated to pass by August. The legislation promises to deliver a robust framework for the broader cryptocurrency sector.
Garlinghouse also drew attention to global shifts, noting Hong Kong’s newly enacted stablecoin legislation and South Korea’s proactive steps towards similar reforms. These developments, he suggested, reflect a growing international consensus on the need for structured oversight of digital currencies.
Yet, when pressed on speculation about Ripple potentially acquiring Circle, Garlinghouse remained tight-lipped, keeping the focus on regulatory progress. The electric market response to Circle’s IPO underscores a surging appetite for crypto assets, particularly stablecoins, positioning them as a cornerstone of the evolving financial ecosystem.
