- Hoskinson’s praise for Ripple marks a shift after years of tension with the XRP community.
- Ripple’s policy influence grows after GENIUS Act and RLUSD push stablecoin rules forward in 2025.
On September 17, US lawmakers met behind closed doors with leaders from the cryptocurrency sector. The meeting was held in Washington, D.C., and focused on draft legislation tied to market structure and digital assets.
Executives from several large companies were present. This included representatives from Cardano, Ripple, a16z, Coinbase, Kraken, Circle, Multicoin Capital, and Paradigm. The discussion centered around clarifying which agencies would be responsible for supervising different areas of the digital asset space.
Cardano founder Charles Hoskinson took to social media after the meeting to acknowledge the contributions of various participants. In a post on X, he specifically pointed to Ripple and a16z as being effective in representing the broader crypto sector.
Great meeting today. XRP nation, the ripple folks did really well as did A16Z. Lot more work to do, but great progress is being made on bipartisan legislation being passed this year
— Charles Hoskinson (@IOHK_Charles) September 17, 2025
Although not sharing much about the meeting, he called it productive and said progress was being made toward bipartisan legislation. This somewhat changed the tone from the past disputes he had with the XRP community.
Allegations of tensions had come to the surface in the past years, mostly after Hoskinson described the XRP community as “toxic and petty.” It seems that those disagreements were put behind them, with both sides showing support for the current legislative process.
Ripple Signals Regulatory Momentum
Ripple President Monica Long also commented on the meeting. She described blockchain as “a financial revolution” and said the focus must now shift to integration within existing financial systems.
According to Long,
“It’s incredible to see the outreach from lawmakers to our industry to listen to practical applications.”
She mentioned that legislative interest is growing and thanked Senators Tim Scott and Cynthia Lummis for helping advance the conversation.
Ripple’s legal standing has changed since its court wins over the SEC. That shift has increased its visibility in policy circles. The company’s stablecoin, RLUSD, launched in late 2024 and has been viewed as part of its push to expand infrastructure in US markets.
Stablecoin Policy Moving Forward Under GENIUS Act
The GENIUS Act, Guaranteeing US Exchange Neutrality for Interconnected and Universal Stablecoins, was signed into law in the middle of the year 2025. The act sets standards for transparency of stablecoins, reserve backing of them, and auditing of such reserves.
At the same time, the Senate Banking and Agriculture Committees are working on further drafts for wider crypto regulation. This includes the CLARITY Act and the Responsible Financial Innovation Act. These initiatives seek to provide clarifications about who regulates what and how crypto firms can function under federal law.
The bill in question needs 60 votes in the Senate to pass. Until then, lawmakers and industry leaders will be working on polishing and improving the language further. Both these entities are conditioning themselves for a shift in policy that has the potential of really determining the course of the next era of the US crypto market.
