Ripple Labs CEO Brad Garlinghouse would agree — he claims that Circle’s recent initial public offering (IPO) is an obvious harbinger of the advancement. He thinks U.S. regulation of stablecoins is imminent. This emotion is compounded by recent bills passed in the U.S. and other jurisdictions.
Garlinghouse shared his optimism for the stablecoin future. He made the case that Circle’s IPO shows that investor trust in the crypto space remains high, both from institutions and retail investors. Industry leaders echoed that message and said that creative regulation will be essential for the nascent industry’s growth.
"Circle IPO's clearly went very well. That's a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based." - Brad Garlinghouse
The GENIUS Act, a bipartisan stablecoin regulatory bill, passed the Senate Banking Committee and is awaiting consideration from the full Senate. If it receives strong bipartisan support, the bill will quickly proceed to the full House and may become law before the August recess.
"Regulatory headwinds have now become tailwinds in the U.S., and that's good for the global landscape. It's not deregulation that we want, and we are asking for clear regulation, and progress is evident." - Brad Garlinghouse
Internationally, stablecoin regulation is gaining momentum. South Korea’s new administration is working to craft a national stablecoin bill, and Hong Kong has just completed passage of new stablecoin licensing legislation.
CoinDesk's Markets team Co-Managing Editor, Omkar Godbole, who holds a master's degree in Finance and is a Chartered Market Technician (CMT) member, is closely monitoring these developments. Regulatory reporting Sam Reynolds, a senior Asia-based reporter for CoinDesk, has been keeping a close watch on the regulatory landscape in the region.
Notably, CoinDesk's team, including Sam Reynolds, received the 2023 Gerald Loeb Award in the breaking news category for their coverage of FTX's collapse.
The Apex 2025 conference, appropriately enough, is taking place this week in Singapore — continuing through this Thursday. This exhilarating event gathers the best and brightest from across all industries to discuss and map out the future of blockchain technology and digital assets.
