In a major development for the crypto community, John E. Deaton â a prominent attorney and staunch
$XRP advocate â has issued a powerful warning that has sent ripples through the digital asset space. According to Deaton, if the GENIUS Act fails to pass in the U.S. Senate, comprehensive cryptocurrency legislation could be postponed until as late as 2029.âł
What Is the GENIUS Act?đ§ đ”
The GENIUS Act (Guaranteed and Uniform National Interoperable Stablecoins), introduced by Senator Bill Hagerty, is designed to provide clear, commonsense regulation around stablecoins â a critical cornerstone of the crypto ecosystem. The bill aims to:
âEstablish transparent rules for stablecoin issuers
âEnsure reserves are fully backed and audited
âCreate essential consumer protections
âEmpower U.S. innovation in the blockchain spaceđ
Senator Hagerty has emphasized that the legislation is vital for both economic leadership and national security, describing it as a ânon-controversialâ and âpragmaticâ first step toward broader crypto reform.
Why This Bill Matters for
$XRP and Beyondđ§©
Deatonâs warning isnât just politicalâitâs practical. Without the GENIUS Act, broader reforms such as:
âCrypto market structure regulation
âTax clarity for digital assets
âThe long-awaited Lummis-Gillibrand Responsible Financial Innovation Act
âŠcould be indefinitely stalled.
In other words, failure to act now could freeze meaningful crypto legislation for half a decade. This would leave companies, investors, and innovators stuck in limbo â particularly assets like XRP, which have already faced prolonged regulatory scrutiny in the now-infamous SEC lawsuit.
Signs of Hope: Could It Pass This Week?â
There is still room for cautious optimism. Senator Kirsten Gillibrand, co-author of the Lummis-Gillibrand bill, has signaled that the GENIUS Act could gain momentum and even pass within the week.
The crypto industry, meanwhile, has rallied in support. Voices across the blockchain space are calling on lawmakers to seize this moment and lay the groundwork for a more secure and globally competitive financial future.
Is Now the Time to Buy
$XRP ?đ
Market sentiment around XRP may shift dramatically based on legislative developments. While no investment is without risk, the passage of the GENIUS Act could represent a major catalyst for XRP and the broader crypto market â delivering long-sought regulatory clarity and investor confidence.
Stay Ahead of the Curveâ©
For real-time updates on XRP, crypto legislation, and expert insights you wonât find anywhere else â follow us now and be part of the future of finance.
The next big shift could be just a Senate vote away. Are you ready?
#xrpbuyingtime #Xrpđ„đ„ #TrendingTopic #MerlinTradingCompetition