Singapore – Brad Garlinghouse, CEO of Crypto Company Ripple Labs, stated at XRP Ledger Apex, the Ripple (XRP) Community Conference in Singapore, which remains bullish in Stablecoins – a feeling he said was strengthened by Recent circle blockbuster Initial Public Offering (IPO).
“The Circle Ipo clearly went. It was a reflection of the crypto investor’s interest, both institutions and retail. The financial future was based on the blockchain,” Garlinghouse told Apex.
Garlinghouse said a factor in the Circle’s IPO success is the main market belief that the Genius Act – US Stablecoin’s law – will be passed.
Number CoinDesk had previously reportedThe Genius Act, a Stablecoin Regulatory Bill, has prepared for the imminent passage of the Senate with Bipartisan support, which potentially moved to the Chamber and became a law of August backwards.
“The headwinds of the regulation have become tails in the US, and that’s good for the global scenery,” Garlinghouse continued. “It’s not deregulation we want, and we ask for clear regulation, and the development is clear.”
Other constituents have recently passed Stablecoin law, such as Hong Kong. The new Korean administration is It is also said to be working on a stablecoin bill.
Garlinghouse refused to comment on a potential ripple-circle association or acquisition.
Apex continues in Singapore until Wednesday.
