What the GENIUS Act Means for XRP Investors

Published

2 months ago

July 21, 2025

In brief

The GENIUS Act, now signed into law, gives stablecoin issuers like Ripple a clear regulatory path but is expected to have limited direct impact on XRP’s price.
Ripple’s new stablecoin, RLUSD, positions the company to compete domestically with USDC and PayPal USD as a native U.S. liquidity provider.
Legal ambiguity around XRP’s classification persists, with future clarity hinging on the proposed CLARITY Act’s passage.

America’s crypto landscape took a significant turn last Friday when President Donald Trump signed the GENIUS Act into law. While this legislation provides a regulated path for stablecoin issuers like Ripple, some say it has a minimal impact on XRP, at least in any meaningful way.

“Ripple is uniquely positioned to benefit from this new legislation,” Austin King, co-founder of Omni Network, told Decrypt. The law gives stablecoins like “USDC and RLUSD a competitive advantage when it comes to institutional adoption, which is where the real winners will be made,” he added.

While competitors such as Circle’s USDC and Tether’s USDT will undoubtedly push to retain their market share, Ripple’s established cross-border positioning could help its RLUSD gain traction.

“The existence of RLUSD would allow Ripple to become a native, on-shore liquidity provider in the U.S., competing directly with USDC and PayPal USD,” Yuri Brisov, Partner at Digital & Analogue Partners, told Decrypt. This, he explained, will allow Ripple to “reconfigure itself as a core infrastructure provider within the U.S. financial system.”

However, any market share gains in the stablecoin arena are unlikely to translate into substantial price movements for XRP itself, Decrypt was told.

Although every RLUSD transaction burns a small amount of XRP to cover network fees, this volume pales in comparison to XRP’s 59.1 billion coins in circulation.

For example, the XRP Ledger has cumulatively burned a negligible 14 million tokens since its inception. Ripple CTO David Schwartz tempered expectations in the past, stating, “I still don’t think burned XRP will significantly reduce the supply any time soon.”

The SEC vs. Ripple lawsuit continues to cast a shadow over XRP’s classification, with its security status remaining split.

While XRP is not deemed a security when sold programmatically on exchanges, it “may constitute a security in institutional placements,” according to Brisov.

He said the distinction “depends on sales context and leaves future classifications vulnerable to interpretation.”

Consequently, XRP will likely continue to serve as a bridge token, with minimal direct impact on its price from the GENIUS Act, Brisov said.

Brisov elaborated that the legislation allows Ripple to strategically “reduce reliance on XRP” where regulatory uncertainty persists, particularly in the context of sales, by leveraging RLUSD. “This allows Ripple to rebalance its exposure without abandoning its core technology stack.”

If the upcoming CLARITY Act, which proposes a formal path for digital assets to transition from securities to commodities, is adopted, it would bring clarity to XRP, according to Brisov.

That would “eliminate ambiguity” and “potentially open the door for “broader tokenization strategies for Ripple,” he said.

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Trump and Witkoff dine with Qatari PM in NY, days after Israeli strike on Hamas in Doha

Published

3 hours ago

September 13, 2025

Reuters

NEW YORK — US President Donald Trump held dinner with the Qatari prime minister in New York on Friday, days after US ally Israel attacked Hamas leaders in Doha.

Israel attempted to kill the leaders of the terror group with an attack in Qatar on Tuesday, a strike that risked derailing US-backed efforts to broker a truce in Gaza and end the nearly two-year-old conflict. The attack was widely condemned in the Middle East and beyond as an act that could escalate tensions in a region already on edge.

Trump reportedly expressed annoyance about the strike in a phone call with Prime Minister Benjamin Netanyahu, as well as in public, and sought to assure the Qataris that such attacks would not happen again.

Trump and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani were joined for the meal by a top Trump adviser, US special envoy Steve Witkoff.

“Great dinner with POTUS. Just ended,” Qatar’s deputy chief of mission, Hamad Al-Muftah, said on X.

The White House confirmed the dinner had taken place but offered no details.

Members of the Secret Service block the street in front of the White House as US Vice President JD Vance and Secretary of State Marco Rubio meet with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani in Washington, DC, on September 12, 2025 (ANDREW CABALLERO-REYNOLDS / AFP)

The session followed an hour-long meeting that al-Thani had at the White House on Friday with Vice President JD Vance and US Secretary of State Marco Rubio.

A source briefed on the meeting said they discussed Qatar’s future as a mediator in the region and defense cooperation in the wake of the Israeli strikes against Hamas in Doha.

Qatar’s Foreign Ministry said in a statement that Vance and Rubio expressed their appreciation for Qatar’s “tireless mediation efforts and its effective role in bringing peace to the region,” and said that Doha is a “reliable strategic ally of the United States of America.”

From L-R: Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani, US Vice President JD Vance, and US Secretary of State Marco Rubio, meet in Washington, DC, September 13, 2025. (Qatar’s Foreign Ministry/X)

Thani “affirmed that the State of Qatar will take all measures to protect its security and safeguard its sovereignty in the face of the blatant Israeli attack,” the statement read.

Trump has said he is unhappy with Israel’s strike, which he described as a unilateral action that did not advance US or Israeli interests.

Nevertheless, Rubio is set to leave for a visit to Israel on Saturday, where he will speak to Israeli leaders about “our commitment to fight anti-Israel actions including unilateral recognition of a Palestinian state that rewards Hamas terrorism,” US State Department spokesman Tommy Pigott said in a statement on Friday.

Damage is seen after an Israeli strike targeted a compound that hosted Hamas’ political leadership in Doha, Qatar on September 10, 2025 (AFP)

Washington counts Qatar as a strong Gulf ally. Doha has been a main mediator in long-running negotiations for a ceasefire between Israel and the Palestinian terror group Hamas in Gaza, for the release of Israeli hostages held in Gaza, and for a post-conflict plan for the territory.

Al-Thani blamed Israel on Tuesday for trying to sabotage chances for peace but said Qatar would not be deterred from its role as mediator.

Israel’s security establishment now increasingly believes it failed to kill any of Hamas’s top brass who were gathered at the site of Tuesday’s strike in Doha.

Hamas identified the dead as Jihad Labad, head of the office of top Hamas official Khalil al-Hayya; al-Hayya’s son Hammam al-Hayya; and three others described as “associates” — either advisers or bodyguards: Abdallah Abd al-Wahid, Muamen Hassouna and Ahmad Abd al-Malek. In addition, a Qatari security officer, Lance Corporal Badr Saad Mohammed al-Humaidi al-Dosari, was killed.

Doha will host an emergency Arab-Islamic summit on Sunday and Monday to discuss the Israeli attack, Qatar’s state news agency reported.

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Canelo vs Crawford: Predictions from Frank Warren, Dillian Whyte, Amir Khan and more for super-fight

Published

4 hours ago

September 13, 2025

The Editors

Getty Images

Saul ‘Canelo’ Alvarez have fought a combined over 108 fights on their records

Saul ‘Canelo’ Alvarez v Terence Crawford

Venue: Allegiant Stadium, Las Vegas Date: Saturday, 13 September

Coverage: Follow live text commentary from 03:00 BST on Sunday, 14 September on BBC Sport website and app

Mexico’s Saul ‘Canelo’ Alvarez defends his undisputed super-middleweight crown against American Terence Crawford at Las Vegas’ Allegiant Stadium on Saturday.

Boxing fans will be treated to a dream match-up between two modern-day greats.

Alvarez, 35, enters the ring with 63 wins from 67 professional bouts, with two draws and two defeats.

‘Bud’ Crawford, the undefeated four-division world champion and two-weight undisputed king, takes the bold step of moving up two weight classes in pursuit of even greater glory.

Will the slick skills and ring IQ of the 37-year-old unsettle the bigger man? Or will Alvarez’s power and proven pedigree at the higher weights shine under the Las Vegas lights?

Follow live text commentary from 03:00 BST on BBC Radio 5 Live, BBC Sounds, and the BBC Sport website and app.

We asked the boxing world for their predictions – here’s what they said…

Canelo v Crawford face-off in Las Vegas

Amir Khan – retired world champion

“It’s a fantastic fight but I just can’t see Canelo beating him. I see Crawford winning this fight by skill, movement and holding his weight well. Crawford is an amazing wrestler so when it comes to grappling and pushing fighters’ around, he’s strong. I’m sure he won’t have a problem with Canelo, even though Canelo is a strong, big guy.”

Prediction – Crawford

Terence Crawford: ‘A win will make me one of the greatest fighters of all time’

Dillian Whyte – British heavyweight

“Bud is going to punch him up – Crawford is a unique fighter. He ain’t the most powerful puncher but he’s strong. Good technique, physically strong, very accurate. He’s defensively sound, can fight southpaw and orthodox. Bud is tough, he doesn’t mind getting tagged also. We’re overlooking age and speed. Bud doesn’t mind keeping it that way and boxing if he has to. Canelo is tough and has taken bigger shots from bigger guys so you never know.”

Prediction – Crawford

“My old adage is that a good big ‘un always beats a good little ‘un and I’ll go with Canelo on this. Against William Scull, he got clipped quite a few times and I thought he got frustrated. Then I look at Crawford in his previous fight against Israil Madrimov and I thought there were moments where it was quite close. But I’ve got to go with Canelo – and I hope it is Canelo because our man Hamzah Sheeraz is going to be ringside and we’re going to make it if Canelo wins.”

Prediction – Alvarez

Barry Jones – retired world champion

“I think Crawford will start fast, test this theory that Canelo doesn’t have the energy to fight at a higher pace. Getting up on the lead if he can and force Canelo to push the fight. I do think we’ll see a better Canelo than we’ve seen in the last few years and size will play a factor and I think he might stop Crawford. I’m not totally sure on that and I can see Crawford outboxing Canelo. The only thing I don’t see is Crawford stopping Canelo, which is probably what will happen now that I’ve said it.”

Prediction – Alvarez

Dana White in heated discussion with reporter over Muhammad Ali Act

Anthony Crolla – retired world champion

“People are asking if size will be a big factor. I was lucky enough to see Canelo up close when I was in the corner for my mate Callum Smith – he had a very thick set. But I do believe Crawford has taken his time building up to the weight, he’s unbelievably strong. People forget what a good wrestler away from boxing he is. His biggest strength is that he’s so versatile. He can go orthodox or southpaw, fight on the inside or outside, he can do it all. I think timing could be perfect here. It may be a chess match – no thrills and spills – but I think Crawford edges it on points. He may have to take one or two big ‘uns and weather the storm, though.”

Prediction – Crawford

Galal Yafai – British flyweight

“Canelo may have dipped over the last couple of years but this is the kind of fight which will get him excited and I think he could edge up. Crawford is going up two weights and history will tell you that might be too big of a jump.”

Prediction – Canelo

Dave Coldwell – trainer

“I’m going with Crawford, he’s got the legs and the IQ. He can switch stances too, and we know Canelo has struggled with southpaws in the past. He’s also got longer arms and is not physically that small in comparison. This version of Canelo is very slow-footed with single shots, or maybe two shots at a time. Crawford is smart enough that when he does get hit with a bomb, because Canelo will register, he can ride it out and make sure nothing else lands, get the distance and go back to work again.”

Prediction – Crawford

Watch as Canelo interupts Kellerman to defend boxing

Harlem Eubank – British welterweight

“I have Crawford as a strong favourite. Nobody has shown us how to beat him yet. He has so many different parts to his game that I think it will be difficult for Canelo to work out that puzzle. We’ve seen guys who are fast with good movement and footwork that Canelo can struggle against them.”

Prediction – Crawford

Callum Simpson – British super-middleweight

“I’m going for Crawford. They’re both so highly skilled but while Crawford may not have the weight advantage, he has the reach with his long arms which people underestimate. I think he wins on points.”

Prediction – Crawford

Ziyad ‘Zizo’ Almaayouf – Saudi Arabian light-welterweight

“I’m going with Crawford to win. At this level, the real fight begins in camp, and Crawford is simply harder to prepare for. His ability to switch stances, his unorthodox style, the way he makes you think every second in there, it’s all mental. And when you’re at the very top, that mental challenge is what separates champions. That’s why I believe Crawford comes out on top.”

Prediction – Crawford

Ryan Garner – British super-featherweight

“It’s tough to call because I know there is a size difference but Crawford ain’t no mug, some people jump up weight classes just for the pay days but Crawford is different and I can see him nicking the fight to be honest. He is smaller but he’s game, I’m going to go with him.”

Prediction – Crawford

Taylor Bevan – British super-middleweight

“I think Canelo’s size will play a big part in this, Crawford is coming up a few weight divisions and there will be a size difference between them, Canelo’s so powerful at that weight. Crawford’s skills will be his biggest advantage and he could possibly outbox Canelo, but I think Canelo will be too big and too strong and I think he will win on points.”

Prediction – Canelo

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‘The cries of this widow will echo around the world like a battle cry,’ Charlie Kirk’s wife says

Published

4 hours ago

September 13, 2025

Logan Stefanich, KSL.com

SALT LAKE CITY — Erika Kirk fought back tears Friday night in her first public address since her husband, Charlie Kirk, was shot in the neck and killed Wednesday while speaking to students at Utah Valley University.

Charlie Kirk was a prominent conservative activist and the founder of Turning Point USA.

“Two days ago, my husband, Charlie, went to see the face of his Savior and his God,” Erika Kirk said. “Charlie always said that when he was gone, he wanted to be remembered for his courage and for his faith.”

Erika Kirk talked about the things her husband loved, specifically mentioning his children, America, nature, the Chicago Cubs and the Oregon Ducks, among other things.

“Every day, he would ask me, ‘How can I serve you better? How can I be a better husband? How can I be a better father?’ Such a good man. He still is a good man,” Erika Kirk said. “He was the perfect father. He was the perfect husband.”

She also spoke about his devotion to his brand, Turning Point USA, and promised that the movement her husband built “will never die.”

“No one will ever forget my husband’s name, and I will make sure of it. It will become stronger, bolder, louder and greater than ever,” Erika Kirk said. “My husband’s mission will not end. Not even for a moment.”

She promised that the Turning Point USA-hosted American Comeback Tour will continue this fall and that there will be more tours in the years to come. Charlie Kirk was due to return to Utah on Sept. 30 to Utah State University for another stop on his tour.

“To all of the young people who felt inspired by my husband’s faith and hard work, all of you already know what Charlie would want you to do. You know. If you’re in high school or if you’re in college, go find your local Turning Point USA chapter. Join it. Stay involved. He wants you to make a difference,” Erika Kirk said.

Utah Gov. Spencer Cox on Friday announced that the man suspected of shooting and killing conservative activist and Turning Point USA co-founder Charlie Kirk at Utah Valley University has been arrested.

Tyler James Robinson, 22, of Washington, Washington County, was arrested in southern Utah after police received tips from Robinson’s family members and a friend.

Erika Kirk thanked the local, state and federal law enforcement personnel, whom she said worked “tirelessly to capture my husband’s assassin.”

“The evildoers responsible for my husband’s assassination have no idea what they have done. They killed Charlie because he preached a message of patriotism, faith and of God’s merciful love. They should all know this: If you thought that my husband’s mission was powerful before, you have no idea. You have no idea what you just have unleashed across this entire country and this world,” Erika Kirk said. “The cries of this widow will echo around the world like a battle cry.”

Beyond getting involved in Turning Point USA, Erika Kirk urged people to join a “Bible-believing church.”

“Our battle is not simply a political one. Above all, it is spiritual … the spiritual warfare is palpable,” Erika Kirk said.

“I will never, ever have the words to describe the loss that I feel in my heart. I honestly have no idea what any of this means. I know that God does, but I don’t. But Charlie, baby, I know you do too,” Erika Kirk said. “The movement’s not going anywhere, and it will only grow stronger when you join it.”

The Key Takeaways for this article were generated with the assistance of large language models and reviewed by our editorial team. The article, itself, is solely human-written.

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