PANews June 11 news, according to CoinDesk, Ripple CEO Brad Garlinghouse said at the XRP Ledger Apex Summit in Singapore that Circle's successful IPO indicates that the US stablecoin regulation is about to be implemented. He expects the GENIUS Act to be supported by both parties and passed by August, which will create a clearer regulatory environment for the crypto industry.

Garlinghouse pointed out that the global regulatory trend is changing, Hong Kong has passed a stablecoin bill, and the new South Korean government is also promoting relevant legislation. But he declined to comment on rumors that Ripple would acquire Circle. Circle's stock price rose 168% on its first day of listing last week, with a market value of $16.7 billion, reflecting the market's strong interest in crypto assets, especially stablecoins.