SINGAPORE – Brad Garlinghouse, CEO of crypto firm Ripple Labs, acknowledged on the Apex 2025 convention that he stays bullish on stablecoins – a sentiment he stated is strengthened by the latest blockbuster Circle preliminary public providing (IPO).

“Circle IPO’s clearly went very nicely. That is a mirrored image of investor curiosity in crypto, each establishments and retail. The monetary future might be blockchain-based,” Garlinghouse stated at Apex 2025, the most important annual XRPL summit.

Garlinghouse stated that one issue within the success of Circle’s IPO is the market’s elementary perception that the GENIUS Act – the U.S. stablecoin laws – will move.

As CoinDesk beforehand reported, the GENIUS Act, a stablecoin regulatory invoice, is poised for imminent Senate passage with bipartisan help, probably shifting to the Home and turning into regulation by August recess.

“Regulatory headwinds have now grow to be tailwinds within the U.S., and that is good for the worldwide panorama,” Garlinghouse continued. “It isn’t deregulation that we would like, and we’re asking for clear regulation, and progress is obvious.”

Different jurisdictions have additionally just lately handed stablecoin laws, corresponding to Hong Kong. Korea’s new administration is additionally stated to be engaged on a stablecoin invoice.

Garlinghouse declined to touch upon a possible Ripple-Circle merger or acquisition.

Apex continues in Singapore by Wednesday.