Ripple CEO Calls GENIUS Act a Milestone as CLARITY Act Stalls

Ripple CEO Brad Garlinghouse called the 2025 GENIUS Act a milestone for financial institutions entering crypto at Ripple Swell in New York on Wednesday, Oct. 28. The law's payment-stablecoin issuer regime is scheduled to take effect Jan. 18, 2027. Broader U.S. crypto market rules remain unsettled in Congress. On Sept. 15, the Senate rejected a procedural motion to advance the CLARITY Act. The vote did not end the bill, leaving the broader market-structure framework unresolved. The Senate vote was a procedural setback, not a final decision on the legislation.