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$589 Profile picture
@589CTO
Jul 14 • 10 tweets • 2 min read • Read on X
🚨 "Crypto Week" kicks off with 3 major pieces of legislation up for debate in the House of Representatives 🚨

🔹Genius Act
🔹Digital Asset Market Clarity Act
🔹Anti-CBDC Surveillance State Act

Let's dive into these, one at a time, starting with the Genius Act.

What it means for crypto clarity and adoption - and more specifically $XRP👇 🧵

#XRP #Ripple #RLUSDImage
1/ Congress is voting on the GENIUS Act 🤓

A game-changing bill that gives legal clarity for U.S. stablecoins.

And while everyone’s focused on stablecoins…
they’re missing the bigger picture.

This is setting the stage for $XRP to run the show
2/ What is the GENIUS Act? 🇺🇸

It’s the first federal framework for USD stablecoins:

✅ Must be backed 1:1 with cash or Treasuries
✅ Monthly audits required
✅ Anti-money laundering rules enforced
✅ Only licensed institutions can issue them

Translation: Wall Street can finally play in the stablecoin game.
3/ Ripple is ahead of the curve - again 🔥

While others are scrambling, @Ripple already launched RLUSD, a compliant, enterprise-grade stablecoin.

It's live on both the #XRPL and #Ethereum.

And with this bill, $RLUSD becomes one of the first legal U.S. stablecoins under the new rules.
4/ "But wait… doesn’t this replace $XRP?" 🤔

No. This is where people get it wrong.

Stablecoins don’t replace #XRP.
They depend on it - especially for global settlement.

$RLUSD will be the dollar.💵
$XRP will still be the bridge.🌉
5/ Here's how it works 🌍

Let’s say a bank in Dubai wants to send $10M to a bank in Mexico.

They hold AED. The receiver wants pesos.
$RLUSD is the standard currency.

What bridges that transaction instantly, globally, and compliantly?

➡️ XRP
AED ➡️ XRP ➡️ RLUSD ➡️ MXN

That’s the power of RippleNet + $XRP.
6/ Every transaction burns $XRP 🔥

Every time $RLUSD moves on #XRPL, a small amount of #XRP is burned.

So as institutional volume ramps up:

✅ XRP demand grows
✅ XRP supply drops
✅ Liquidity utility increases
✅ Price pressure builds

The flywheel is turning.
7/ The rails are already built 🏗️

🔹RippleNet is live.
🔹ODL is live.
🔹$RLUSD is live.
🔹$XRP is already bridging value globally.

What the GENIUS Act adds is legal certainty - and that’s the final piece institutions need.

Now they can plug in at scale.
8/ This is what Ripple has been saying all along 📜

Since day one:

"$XRP will be the bridge currency that powers global finance."

Not just crypto. Not just speculation.
Real-world settlement for real financial institutions.

And now - thanks to this legislation - it’s finally happening.
9/ The #XRPArmy was right 🔥

They called @Ripple crazy.
They said $XRP would never be adopted.
They said stablecoins made #XRP irrelevant.

And yet here we are. "XRP will power the world" 🌎

Follow @589CTO and set post notifications if you want to see more content like this 🫡

#XRP #GENIUSAct #CryptoWeek #RippleNet #RLUSD

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More from @589CTO

$589 Profile picture
Jul 13
🚨 ISO 20022 goes live July 14 - but what does that mean for #XRP?

Everyone’s screaming “$XRP is ISO 20022 compliant!” - but most don’t even understand what that actually means.

Let’s break it down 🧵👇

#XRP #Ripple #ISO20022 Image
1/ What is ISO 20022? 🧐

🪙 It’s not a coin.
⛓️‍ It’s not a blockchain.

It’s a global messaging standard that allows financial institutions to communicate in a unified, data-rich format.

Think of it as upgrading the world’s payment system from fax to encrypted email. 📡
2/ Why is July 14 important? 🗓️

Because the U.S. Fedwire Funds Service, which settles trillions in payments, is finally switching to ISO 20022.

This brings the U.S. in line with Europe, SWIFT, and the rest of the modern financial system.

It’s a big deal. 💥
Read 9 tweets
$589 Profile picture
Jul 12
📰 The True History of $XRP & @Ripple 📰

How a simple idea from 2004 evolved into a $10B+ company fighting the SEC & powering the "Internet of Value".

Let’s break it all down 👇🧵

#XRP #XRPL #XRPCommunity Image
1/ 🌱 It started in 2004

Before #Bitcoin, there was RipplePay - created by Ryan Fugger.

A decentralized IOU network to let people send credit to people they trusted.

No mining. No tokens. Just trust lines.

The seeds of today’s #XRPL were planted here.
2/ 🧠 Enter the builders

In 2011, Jed McCaleb, frustrated with #Bitcoin mining, had a new idea:

> “What if we could validate transactions without wasting electricity?”

He teamed up with David Schwartz & Arthur Britto.
Together, they built the #XRP Ledger from scratch.
Read 13 tweets
$589 Profile picture
Jul 9
🚨 PUBLIC vs PRIVATE LEDGER on the XRPL?!

What is @Ripple building behind the scenes… and why is it so important for the future of DeFi and $XRP?

• Why a private ledger exists
• What the Permissioned DEX really is
• Why institutions need it
• And how this could be a game-changer for crypto 👇🧵
#XRP #XRPL #DeFiImage
1/ First, let’s clear up the terms:🤓

✅ Public #XRPL = the open-source $XRP Ledger you know today
✅ Private #XRPL = Ripple's enterprise-grade sidechain or sandbox

The private version is often called the "permissioned DEX" - built for regulated institutions.

But why? 👇
2/ $XRP is NOT just another token. 🪙

It’s one of the only digital assets with legal clarity in the U.S. which makes it a candidate for institutional use.

But financial institutions operate under strict rules - AML, KYC, compliance.

They can’t just trade on an open, public DEX.

Enter: the Permissioned DEX 🔐
Read 10 tweets
$589 Profile picture
Jul 5
🚨Tokenization is the Future - and the XRPL is Built for It🚨

Most people still don't understand what’s coming...

Let’s break down:
- What is tokenization?
- What are Real World Assets (RWA)?
- Why the #XRPL is uniquely positioned to lead this revolution 🧵👇 Image
1/ What is Tokenization?

It’s the process of representing real-world assets (RWA) - like dollars, gold, real estate, stocks - as digital tokens on a blockchain.

In simple terms:
📄 Physical or legal asset
🔁 Converted into a digital token
🌐 Traded 24/7 globally
2/ What are Real World Assets (RWAs)?

RWAs include:
🏦 Cash (like US dollars or stablecoins)
🏠 Real estate
🪙 Gold & commodities
📈 Stocks & bonds
💎 Collectibles, art, even wine

These are massive multi-trillion dollar markets waiting to be digitized.
Read 10 tweets
$589 Profile picture
Jul 4
🚨 RLUSD Is Coming for the Throne 👑

@Ripple isn’t just launching another stablecoin.

It’s rolling out $RLUSD under full federal oversight - with a U.S. bank charter + potential Fed master account in play.

Here’s what makes it different from USDC/USDT… and why $XRP holders should care 🧵👇Image
1/ First, what is $RLUSD? 💵

It’s Ripple’s new USD-backed stablecoin, launching on:

✅ XRPL
✅ Ethereum
✅ Eventually EVM sidechains + more

It’s backed 1:1 by U.S. dollar reserves (cash + short-term Treasuries) - and fully audited.

But here’s the kicker... 👇
2/ Regulatory alignment 📜

$RLUSD isn’t being rushed to market like other stables.

Ripple is doing it by the book:

🏦 Applying for a federal trust bank charter
🏛️ Targeting a Federal Reserve master account
🧾 Already registered with NYDFS

This is what USDC/Tether don’t have.
Read 9 tweets
$589 Profile picture
Jul 3
🇺🇸 The “Big Beautiful Bill” just cleared the House and is headed to Trump's desk 🇺🇸

Here’s what it means for crypto, #XRP, and your portfolio - and what happens next. 🧵👇 Image
1/ Late last night, the Senate passed Trump’s “One Big Beautiful Bill” - a sweeping economic package that’s now headed to Trump's desk for final approval.

✅ Massive tax cuts
✅ $3T+ in new debt
❌ No direct crypto provisions (yet)

Let’s break it down 🧩
2/ The bill passed 50-50 with VP JD Vance breaking the tie.

It’s a fiscal stimulus bomb - expected to flood the system with debt & fuel inflation over the next decade.

That’s bad for the dollar…

And potentially very good for #Bitcoin, #XRP, and #Crypto . 🧠
Read 9 tweets

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