Ripple CEO Brad Garlinghouse expressed optimism about the future of stablecoin regulation in the United States during the XRP Ledger Apex Summit in Singapore. He emphasized Circle’s successful initial public offering (IPO) as evidence that regulatory clarity for stablecoins is likely imminent, anticipating bipartisan support for the GENIUS Act by August, which would establish a clearer regulatory framework for the cryptocurrency industry. Garlinghouse highlighted global shifts in regulatory trends, citing Hong Kong’s recent passage of a stablecoin bill and South Korea’s new government advancing related legislation. Despite these developments, Garlinghouse declined to comment on rumors regarding Ripple’s potential acquisition of Circle. Circle’s stock surged by 168% on its first day of trading last week, reaching a market capitalization of $16.7 billion, demonstrating strong market interest in the crypto asset sector, particularly within stablecoin space.