Chad Steingraber, a professional game designer and longtime XRP supporter, suggests the GENIUS stablecoin bill could help push XRP to three digits.
Specifically, he recently said the GENIUS Act might be the key that finally sets XRP on the path to the ambitious $250 price target, a price target he has championed for over a year.
Steingraber Maintains His XRP to $250 Target
Notably, Steingraber has consistently promoted the $250 price target since 2024, even during periods of market stagnation. In April 2024, while XRP traded at $0.50, he publicly stated that he viewed $250 as XRP’s true fair value.
Interestingly, his position did not waver through the summer. Specifically, in August 2024, when pressed about when he might begin taking profits, Steingraber pointed to the same $250 benchmark.
More recently, in March 2025, he again reiterated his forecast. The community pundit remained firm on the prediction that XRP would reach $250 before the year’s end despite the market lull that has seen it stagnate at $2.
I think so. 10-25… I’m standing by my end of year $250 😉
— Chad Steingraber (@ChadSteingraber) March 3, 2025
How Could the Genius Act Boost XRP?
Now, he’s pointing to the GENIUS Act as the potential trigger. In his view, once the bill passes, it could open the door for XRP’s breakout. Most believe the bill will bring the kind of regulatory clarity and institutional trust that XRP needs to move into a new phase of adoption and price discovery.
Others in the XRP community have shared similar views, though their claims remain speculative. For one, Versan Aljarrah, host of Black Swan Capitalist, said last month that XRP replacing SWIFT could be the beginning.
‼️HOW XRP WILL BENEFIT FROM UPCOMING U.S STABLECOIN REGULATIONS‼️
The upcoming U.S. stablecoin regulations, particularly the GENIUS Act, will significantly boost XRP’s adoption and utility through its connection to Ripple’s USD-backed stablecoin, RLUSD, which operates on the XRP… pic.twitter.com/6dEQc35aYP
— SMQKE (@SMQKEDQG) February 26, 2025
He argued that the GENIUS Act could help stablecoin issuers digitize U.S. debt at scale, opening up fresh liquidity channels outside the Federal Reserve’s system. This is something he believes could work in XRP’s favor.
Supporting Commentaries
Meanwhile, community member Pumpius suggested late last month that the GENIUS Act does not just legalize stablecoins but also connects them to demand for U.S. Treasuries.
🚨 Here’s what they’re not saying out loud:
The GENIUS Act doesn’t just legalize stablecoins — it ties them to U.S. Treasury demand.
And guess who’s perfectly positioned?Ripple.
With $RLUSD launching under full compliance and $XRP as the bridge, Ripple could soon become one… pic.twitter.com/qkHh9Ol3iR
— Pumpius (@pumpius) May 21, 2025
To him, Ripple is in a perfect spot to take advantage. With its stablecoin RLUSD operating under full regulatory compliance, Pumpius believes Ripple could end up holding large amounts of U.S. Treasury bills.
Essentially, Treasuries serve as the backing for RLUSD. That backing could turn Ripple into a major liquidity player, and since RLUSD will run on the XRP Ledger, XRP could benefit from the increased transaction volume.
In addition, crypto researcher SMQKE suggested earlier this year that the GENIUS Act could boost XRP’s adoption by giving RLUSD a stamp of legitimacy. According to him, the bill’s rules on reserves, audits, and licensing would make RLUSD more appealing to big investors.
Now, as more people use RLUSD, they’ll need XRP to cover fees. Those fees are paid in XRP and get burned, which reduces the total supply.
SMQKE claimed this could increase demand for XRP, push up its liquidity, and add more value to the token. He also said the bill might help XRP gain legal clarity, especially since it’s not a stablecoin but still operates in that space.
Provisions and Progress of the GENIUS Act
For the uninitiated, the GENIUS Act lays out a national framework for stablecoin regulation. Specifically, it requires every stablecoin to be backed one-to-one with either cash or short-term Treasury bills.
Further, the act also calls for strict transparency, regular audits, and clear licensing. The goal is to bring stablecoins into the U.S. banking system and support the dollar’s position in digital markets.
Currently, the bill is making steady progress. Between May 19 and 22, the Senate voted 66–32 to move it forward. Notably, it is now on the Senate floor with lawmakers reviewing and suggesting amendments. A final vote is expected after the Memorial Day recess.
Journalist Eleanor Terrett recently said sponsors are working behind the scenes to fast-track the process, and the bill could pass as soon as this week.
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