ilmscore | How The Genius Act Will Affect XRP

How The Genius Act Will Affect XRP

Published: 2025-07-30
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 2
Incorrect: 1
Pending: 0
Unrated: 0
Prediction
Topic
Status
The US has established its first federal framework for dollar-backed stablecoins with the Genius Act, effective July 18th.
"Congress passed and the president signed the Genius Act, which is the first ever federal framework for dollarbacked stable coins."
Stablecoins Regulation
Incorrect
Post-Genius Act, stablecoins must be fully backed by liquid assets, undergo monthly audits, and adhere to consumer protection standards.
"it's going to require every stable coin to be 100% backed by liquid assets, have monthly reserve audits to make sure that everything's legit, and stable coins will have to meet strict consumer protection standards."
Stablecoins Backing Requirements
Correct
The new stablecoin regulations are expected to facilitate the launch of Ripple's RealUSD on the XRP ledger.
"for Ripple's XRP, this is huge because it clears the way for their own stable coin, RealUSD, to go live on the XRP ledger without constant uncertainty."
Ripple's RealUSD Launch
Correct