David Edwards
In a notable public statement, Ripple CEO Brad Garlinghouse commended President Donald Trump as “the most crypto-forward president in U.S. history,” following the formal signing of the GENIUS Act—a milestone federal law regulating stablecoins. The comment came as Ripple’s leadership team attended the White House ceremony on July 18, while Garlinghouse himself celebrated remotely.
“Bummed I wasn’t able to make it in person but celebrating from afar,” Garlinghouse posted on X, along with a photo of Ripple representatives at the White House.
The GENIUS Act, which mandates 1:1 backing of stablecoins with U.S. dollars or equivalent liquid assets, marks a turning point in digital asset legislation. The law establishes a structured federal framework for stablecoin issuance and oversight—long sought by the crypto industry amid years of regulatory uncertainty.
Ripple, Coinbase, TRON Align on Regulatory Milestone
Stuart Alderoty, Chief Legal Officer at Ripple, applauded the law as long-awaited “regulatory clarity,” stating that the GENIUS Act offers both consumers and innovators a much-needed roadmap for building digital financial infrastructure.
Coinbase’s Chief Legal Officer, Paul Grewal, echoed this sentiment, noting that a clear definition of reserve requirements could bolster the global competitiveness of the U.S. dollar. “Dollar-backed stablecoins are surging in global use, and clear rules may accelerate that trend,” he said.
Meanwhile, TRON founder Justin Sun emphasized the importance of the framework for innovation and user protection. “Properly collateralized stablecoins are essential,” he added, citing the need for both growth and consumer trust in digital finance.
Strategic Praise as Industry Looks to Trump for Continuity
While Donald Trump has expressed skepticism toward crypto in the past, his recent alignment with industry objectives—amplified through legislative endorsements like the GENIUS Act—has prompted a wave of positive engagement from blockchain executives. Ripple, which has faced extensive legal scrutiny from the SEC in recent years, appears to be repositioning itself strategically in the changing regulatory climate.
Industry-wide lobbying and campaign donations in 2024–2025 have contributed to increased political traction for crypto-aligned policies. The public support from Garlinghouse, a figure at the center of high-profile regulatory battles, underscores how digital asset companies are recalibrating their political relationships.
