Cryptocurrency : Ripple’s XRP Breaks 2018 Record as US Passes Historic Crypto Regulation Bill
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Cryptocurrency : Ripple’s XRP Breaks 2018 Record as US Passes Historic Crypto Regulation Bill
Cryptocurrency : In a landmark moment for the global cryptocurrency market, Ripple’s XRP has shattered its previous all-time high from 2018, surging past the $3.5 mark after the US House of Representatives passed three key cryptocurrency bills aimed at regulating stablecoins. The developments have set the stage for the United States to finally provide a long-awaited legal framework for digital assets, energizing the entire crypto sector.
XRP Soars to Record High Amid Regulatory Breakthrough
XRP, the native token of the XRP Ledger, soared to $3.49, marking a 14% increase in just 24 hours. This milestone pushed XRP beyond its earlier peak of $3.40 from early 2018, positioning it firmly in price discovery mode with a market capitalization approaching $210 billion, according to CoinDesk.
The sharp rally came in the final hours of the House session, signaling strong investor confidence in the implications of these new bills.
What’s Driving the Surge?
The rally is largely attributed to the passage of a historic stablecoin bill in the House of Representatives. This legislation is expected to be signed into law by President Donald Trump, marking a pivotal turning point for the US digital asset landscape.
The crypto industry has been urging Congress for years to implement clear and consistent regulations, and this bill represents the most significant progress to date. By creating a federal framework for stablecoins, lawmakers aim to provide legal certainty for businesses, consumers, and investors alike.
The bill’s passage has also fueled rallies in crypto-focused stocks and other major cryptocurrencies like Ethereum (ETH), which recently hit a six-month high. This reflects broader optimism across the crypto market that regulatory clarity will lead to mainstream adoption and innovation.
Ethereum Also Rides the Wave
Ethereum, which hosts the majority of USD-pegged stablecoins, is also reaping the benefits of the bill. These stablecoins, such as USDC and USDT, rely on Ethereum’s blockchain infrastructure for issuance and transactions, creating continuous demand for ETH to pay for network gas fees.
The legislation is expected to solidify Ethereum’s role as the backbone of the stablecoin economy, further enhancing its relevance and price stability in the long term.
A Win for the Crypto Industry
The passage of these bills represents a major victory for the crypto industry, which has spent significant resources advocating for regulatory reform. Industry leaders believe that a transparent and consistent regulatory framework will unlock new levels of innovation, investment, and institutional adoption.
Political analysts also point out that pro-crypto lobbying and campaign support during last year’s elections played a critical role in pushing these bills through Congress. With increasing bipartisan attention on blockchain technology and digital finance, the tide may finally be turning in favor of the crypto world.
Conclusion
The latest surge in Ripple’s XRP is more than just a price milestone—it’s a reflection of a maturing digital asset market finally gaining legitimacy in one of the world’s most powerful economies. As the US moves closer to establishing a comprehensive regulatory framework, the future of cryptocurrencies looks brighter and more stable than ever before.
Whether you’re an investor, developer, or enthusiast, this historic moment is a clear signal that crypto is here to stay—and ready to thrive.
