Singapore – Brad Garlinghouse, CEO of Crypto Company Ripple Labs, said in the XRP Ledger Apex, Ripple (XRP) Community Conference in Singapore that he remains bullish on stableecoins – a mood he said is reinforced by The latest Blockbuster -Circle Initial Public Offer (IPO).
“Circle IPO’s was definitely going very well. It’s a reflection of investor interest in crypto, both institutions and retail. The economic future will be blockchain-based,” Garlinghouse said at Apex.
Garlinghouse said that a factor in the success of Circle’s IPO is the market’s fundamental belief that the genius law – the US stablecoin legislation – will adopt.
As Coindesk previously reported, the Genius Act, a stableecoin regulatory bill, is ready for impending Senate’s passage with Bipartisan support that potentially moves to parliament and is allowed in August.
“Regulating headwinds have now become tackle winds in the United States, and that’s good for the global landscape,” Garlinghouse continued. “It’s not deregulation that we want and we ask for clear regulation and progress is clear.”
Other jurisdictions have also recently passed stableCOin legislation, such as Hong Kong. Korea’s new administration is also said to work on a stableecoin bill.
Garlinghouse refused to comment on a potential circuit merger or acquisition.
Apex continues in Singapore through Wednesday.
