US House Passes Stablecoin Bill; XRP ETF Launches

In a pivotal move for the cryptocurrency sector, the U.S. House of Representatives has passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), establishing a comprehensive regulatory framework for stablecoins. Concurrently, Tuttle Capital Management has announced the launch of 10 leveraged cryptocurrency exchange-traded funds (ETFs), including one dedicated to XRP, signaling increased mainstream adoption of digital assets.

GENIUS Act: A Milestone in Stablecoin Regulation

On July 17, 2025, the U.S. House approved the GENIUS Act with a 308–122 vote, following the Senate’s earlier bipartisan endorsement. This legislation mandates stringent standards for reserves, audits, and transparency for stablecoin issuers, aiming to mitigate financial stability risks and protect consumers. The bill now awaits President Donald Trump’s signature to become law. (ft.com)

Key provisions of the GENIUS Act include:

• Allowing banks to issue digital assets, thereby integrating stablecoins into the traditional financial system.
• Establishing a dual federal and state supervisory system to oversee stablecoin issuers.
• Implementing anti-money laundering compliance and reserve backing requirements to ensure the stability and security of stablecoins. (apnews.com)

Industry leaders, including executives from JPMorgan Chase, Citi, and Bank of America, have expressed support for the bill, viewing it as a step toward legitimizing cryptocurrencies for mainstream adoption. However, some Democrats have raised concerns about potential financial instability and conflicts of interest, particularly given President Trump’s personal investments in cryptocurrency ventures. (apnews.com)

Tuttle Capital’s Leveraged Crypto ETFs: Spotlight on XRP

In a significant development for cryptocurrency investment products, Tuttle Capital Management has announced plans to launch 10 leveraged crypto ETFs on July 16, 2025. These ETFs will offer 2x leveraged exposure to a variety of digital assets, including major cryptocurrencies and memecoins. Notably, the lineup includes the Tuttle Capital 2X Long XRP Daily Target ETF, providing investors with amplified exposure to XRP. (ainvest.com)

The introduction of these leveraged ETFs is expected to have several implications:

• Increased market volatility for the underlying cryptocurrencies due to amplified trading activities.
• Attraction of investors seeking higher returns, albeit with increased risk, in the volatile crypto market.
• Potential for further financial products in the crypto sector, marking a pivotal moment for crypto-asset trading. (ainvest.com)

Matthew Tuttle, founder of Tuttle Capital Management, emphasized the demand for such products, stating, “We definitely think there is a demand for it. There’s a whole bunch of degens out there who love to trade this stuff.” (ainvest.com)

Conclusion

The passage of the GENIUS Act and the introduction of leveraged crypto ETFs represent significant strides in the integration and regulation of digital assets within the financial system. While the GENIUS Act aims to provide a stable regulatory environment for stablecoins, the launch of leveraged ETFs offers investors new avenues for exposure to cryptocurrencies like XRP. As the crypto landscape continues to evolve, these developments underscore the growing acceptance and institutionalization of digital assets.