- XRP surged past $3.50 to reach new highs after major U.S. legislation was approved.
- The token’s value climbed 14% in 24 hours, with market capitalization topping $200 billion.
- The rally followed the U.S. House of Representatives passing three key cryptocurrency bills.
- A Financial Times report stated that U.S. President Donald Trump may soon allow retirement plans to invest in cryptocurrencies including stablecoins.
- Lawmakers passed the GENIUS and CLARITY Acts, with new rules for stablecoins and clearer regulatory roles for agencies.
XRP, one of the world’s largest digital currencies, hit a record high on Thursday after the U.S. House of Representatives approved three new laws designed to regulate stablecoins and other cryptocurrencies. The token’s surge is linked to policies that could increase market access for digital assets in the United States.
According to CoinDesk, XRP rose over 14% within 24 hours, trading above $3.50 and surpassing a market capitalization of $200 billion. CoinGecko data showed the price even topping $3.60, up more than 18% since the previous day.
The sharp price increase came shortly after the U.S. House passed three significant crypto bills. A report from the Financial Times indicated that President Donald Trump is expected to sign an executive order allowing retirement plans in the U.S. to invest in cryptocurrencies, a move that could impact up to $9 trillion in retirement savings. The report cited three sources familiar with the matter and said the executive order could come as soon as this week.
Lawmakers gave smooth approval to the GENIUS Act, which now moves to President Trump for his signature before becoming law. This Act sets rules for stablecoins—digital tokens matched in value to stable assets like the U.S. dollar—and requires companies issuing these coins to hold equivalent reserves. The CLARITY Act, which still awaits Senate approval, is intended to clarify which federal agencies have authority over cryptocurrencies.
Data from Bitcoin-flat-Dogecoin–Cardano-xrp-surge-11671762715724.html” target=”_blank”>XRP prices today confirmed the token’s continued jump following passage of these bills. Lawmakers said the measures fulfilled the Trump administration’s public goals to create clear guidelines for the crypto industry.
The GENIUS Act, passed by the Senate last month, mandates that stablecoin issuers like banks and crypto platforms must keep a one-to-one reserve against the digital coins in circulation. The CLARITY Act seeks to clarify rules for cryptocurrency projects and split oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Further coverage from CoinGecko found that XRP broke its previous record from early 2018, when it traded at $3.40. Lawmakers and regulators say these steps are aimed at providing a stronger legal structure for investors and companies in the digital asset market.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- US House Passes GENIUS Act, Marking Landmark for Crypto, Stablecoins
- Crypto Market Cap Hits Record $4T as US House Passes Key Bills
- House Passes Historic Crypto, Stablecoin Bills With Bipartisan Support
- Volcon Raises $500M for Bitcoin Treasury, Stock Jumps 135%
- TSMC Stock Jumps 4% as AI Demand Lifts 2025 Sales Outlook
