GENIUSAct

XRP advocate John Dayton has warned that crypto regulation laws could stall until 2029 if the GENIUS Act, which focuses on stablecoin laws, fails in the US Senate.
According to $XRP advocate John E. Dayton, if the Stablecoin bill GENIUS Act does not pass the US Senate, there may not be any major crypto legislation before 2029.
The lawyer, known for his involvement in the $XRP legal case, said on social media that the Senate's inaction could delay the regulatory clarity needed to place the digital asset.
Dayton said that the bill, which aims to regulate stablecoins, is non-controversial and serves the national interest.


However, he expressed concerns that if lawmakers cannot pass this bill, other complex crypto bills such as market structure legislation, the Lummis-Gillibrand bill, or tax reform are unlikely to pass soon.
The GENIUS Act focuses on stablecoin regulation.
The Genius Act is spearheaded by Senator Bill Hagerty and seeks to create a legal framework for issuing stablecoins in the United States.
The bill aims to ensure high quality deposits with issuers to promote consumer safety and transparency.
During an interview on CNBC's "Squawk Box," Senator Hagerty said, "This Stablecoin bill will bring regulatory clarity and support dollar-backed innovation in America."

He explained that the lack of clear rules has pushed many crypto-related projects overseas. The bill aims to reverse this trend by creating a clear regulatory path for stablecoin issuers.
He added that the use of the SEC’s enforcement actions to regulate digital assets has created confusion in the market.
By establishing a formal framework, the bill can help both consumers and businesses operate with better legal understanding. However, despite the concerns, Senator Kirsten Gillibrand predicts that stablecoin regulation could pass this week.
Industry support is growing for the GENIUS Act.
Despite allegations of fraud and corruption against US President Donald Trump, several digital asset figures have expressed strong support for the Stablecoin Bill GENIUS Act.
Coinbase Chief Policy Officer Friar Sherzad said that stablecoin legislation is a “national priority.” He stressed that the US should lead the way in blockchain-based finance and ensure that stablecoins pegged to the US dollar prevail.
“Stablecoins can put pressure on old financial systems, but competition is necessary,” Sherzad posted on X.
He compared the current moment to the introduction of money market funds in the 1970s and 1980s, saying that the banking sector can adapt, as it did then.
Sherzad also stated that the GENIUS Act would strengthen the role of the dollar globally and place the United States at the center of international finance. He stressed that the bill goes beyond technology and also supports financial strength and national strategy.
Challenges remain despite bipartisan support.
While the Stablecoin bill has the support of both major political parties, obstacles still remain. Senator Haggerty noted that opposition often comes from lawmakers who favor centralized financial control. Critics, including Sen.
Elizabeth Warren, have urged caution and questioned whether the bill would increase financial risks or reduce regulatory authority.
XRP lawyer John Dayton said that the bill does not allow stablecoin holders to earn yields, which he sees as a drawback.
However, he acknowledged that any production version would face resistance from banks due to competition with deposits. “The bank lobby is real,” he wrote.
The Senate is expected to vote on the bill soon. If the legislation fails, it could slow down other crypto-related efforts.
According to $XRP advocate John Dayton, without stable coin regulation, broader reforms like BitBonds or crypto tax laws may not progress until the next administration.

#Xrp🔥🔥 #SEC #stablecoin #GENIUSAct #CryptoNewss

XRP ke mashhoor advocate John Dayton ne warning di hai ke agar Stablecoin Bill (GENIUS Act) US Senate mein pass nahi hota, to crypto regulation 2029 tak delay ho sakta hai.

John Dayton ka kehna hai ke yeh bill non-controversial hai aur national interest mein hai. Lekin agar yeh pass nahi hota, to dusre bade crypto bills jaise ke Market Structure, Lummis-Gillibrand Bill aur Crypto Tax Reforms bhi delay ho jayenge.

GENIUS Act ka focus Stablecoin regulation par hai. Senator Bill Hagerty ne is bill ko lead kiya hai jiska aim hai ek legal framework banana jisse stablecoin issuers transparency ke sath kaam kar saken.

CNBC par interview mein Hagerty ne kaha ke yeh bill “regulatory clarity” laayega aur dollar-backed innovation ko support karega.

Coinbase ke Chief Policy Officer Friar Sherzad ne bhi kaha ke yeh bill national priority hai. Unka kehna hai ke US ko blockchain finance mein lead lena chahiye aur dollar-backed stablecoins ko globally strong banana chahiye.

Halanki bill dono political parties ki support mein hai, lekin opposition abhi bhi exist karta hai — khaas tor par un lawmakers ki taraf se jo centralized control ko prefer karte hain.

John Dayton ne yeh bhi point out kiya ke bill stablecoin holders ko yield earn karne ki ijazat nahi deta, jo ek drawback hai. Aur banks bhi is bill ke khilaaf ho sakte hain kyunke yeh unke deposits ke liye competition create karega.

Agar yeh bill pass nahi hota, to crypto ki major legislation agle US administration tak ruk sakti hai.

$XRP Price: 2.371 (+0.08%)

#Xrp🔥🔥 #SEC #stablecoin #GENIUSAct #CryptoNewss

#GENIUSAct
#Write2Earn The GENIUS Act passed a cloture vote Monday evening less than two weeks after failing one. It will now head to a full floor vote.
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days.

Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief among them: mounting anger in the Democratic Party over President Donald Trump’s perceived crypto-related conflicts of interest.

But tonight, key Democrats jumped back aboard the measure. Ruben Gallego (D-AZ), Mark Warner (D-VA), Lisa Blunt Rochester (D-PA), Kirsten Gillibrand (D-NY), and Angela Alsobrooks (D-MD)—all of whom voted against cloture on the GENIUS Act earlier this month—supported the measure tonight. Alsobrooks and Gillibrand initially co-sponsored the bill.

Having received more than 60 votes, the bill will now cruise towards a full floor vote, which could happen as soon as tomorrow, one Senate source familiar with the matter told Decrypt. If all goes according to plan, the vote on the bill itself should see the same margin of passage as tonight’s procedural vote.

The bill would then need to pass a vote in the House before heading to President Trump’s desk. If signed into law, the GENIUS Act would establish a framework for legally issuing stablecoins in the United States.

Stablecoins are crypto tokens, generally pegged to the U.S. dollar, that allow holders to enter and exit digital asset trades without accessing fiat currencies directly. They can also be used to easily send payments and remittances across borders. It is anticipated that once stablecoin legislation passes, once-hesitant Wall Street giants will flood the sector, bringing billions of dollars, if not trillions, into crypto.

What gave the GENIUS Act new wings just days after the bill nearly death spiraled? Last week, Senate Democrats ironed out a new draft of the legislation, which they touted as containing major concessions from Republicans on issues like conflicts of interest, national security protections, and Big Tech.

But it's unclear if those measures will have enough teeth to make them enforceable. While the new draft forbids all senior executive branch officials from launching their own stablecoins, for example, it still allows the president and vice president to do so—sidestepping the Trump-related concerns that made ethics a prominent issue for the legislation in the first place.

In a similar vein, new language added to the bill in the eleventh hour would prevent Big Tech corporations from launching stablecoins if said corporations tracked and sold users’ sensitive financial data—unless they got customers’ consent to do so in their terms of service.

Another factor that may have shifted political calculus enough to get the GENIUS Act over the 60-vote hump: increased lobbying pressure from industry leaders, who realized that if the bill didn’t pass, hopes for passing any crypto legislation on Capitol Hill this year might die along with it.

Coinbase, for instance, which boasts a tremendous lobbying presence in Washington, had previously dragged its feet in supporting standalone stablecoin legislation—a move intended to increase the likelihood of Congress passing a single crypto bill covering several industry sectors, but that nonetheless frustrated other digital asset policy players. In recent days, with crypto’s entire legislative agenda on life support, Coinbase notably turned up the heat in a push to get the GENIUS Act over the finish line.

The firm’s CEO, Brian Armstrong, made explicit pleas for the bill to be passed immediately. Stand With Crypto, a pro-industry political watchdog launched by Coinbase, warned it would lower politicians’ grades if they voted against cloture on the GENIUS Act tonight—a move the organization notably did not make after the initial cloture vote on the bill earlier this month. Over the weekend, an in-app notification sent out by Coinbase, and seen by Decrypt, urged American users to send their senators a letter demanding the GENIUS Act be passed immediately.

Behind such signifiers churns an immense amount of money. Last year Coinbase, along with a handful of other major American crypto companies, raised over $300 million for pro-crypto super PACs that spent heavily on congressional races. The same super PACs have already raised tens of millions of dollars for the 2026 midterms.

It's formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act. 📜 This proposed U.S. Senate bill is all about creating a clear federal rulebook for payment stablecoins. 💵
What's the Goal? 🎯
The GENIUS Act aims to:
Bring regulatory clarity for stablecoin issuers in the U.S. 🇺🇸
Spur responsible innovation in the digital asset space. 💡
Protect consumers by setting standards for transparency and risk. 🛡️
Bolster the U.S. dollar's global standing in the digital economy. 💲
Integrate stablecoins into mainstream finance while battling illicit activities like money laundering and sanctions evasion. 🕵️‍♀️
Key Things It Covers: 📝
Defining Stablecoins: It clearly defines a payment stablecoin as a digital asset for payments, pegged to a fixed value (like the U.S. dollar), and 1:1 backed by high-quality liquid assets. 💰
Licensing & Oversight: The bill lays out how institutions can get licenses to issue stablecoins, proposing a dual oversight system. Smaller issuers might stay under state regulation, while bigger ones would get federal oversight (think Federal Reserve, OCC). 🏛️
Reserve Requirements: It demands strict reserve requirements, ensuring stablecoins are fully backed by sufficient assets. Risky stuff like corporate debt or equities are out! 🙅‍♀️
Consumer Protection: Expect strong consumer safeguards, including monthly public disclosures of reserve assets and annual financial audits for larger issuers. Plus, no misleading claims about FDIC insurance or government backing. 🔒
Fighting Illicit Activities: It tightens Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) rules for stablecoin issuers, aligning them with traditional financial institutions. 🚨
Insolvency Rules: If an issuer goes bust, stablecoin holders' claims are prioritized over other creditors, with quick distribution of reserves. ⚖️
Foreign Issuers: Foreign stablecoin issuers operating in the U.S. will need to play by U.S. rules and be more transparent about their assets. 🌍➡️🇺🇸
No Yield-Bearing Stablecoins: Recent updates reportedly include a ban on stablecoins that offer a yield, whether domestic or foreign. 🛑📈
Limits on Big Tech: It seeks to prevent big tech companies from issuing their own stablecoins unless they meet strict requirements for systemic risk and data privacy. 🚫💻
Where Does It Stand? 🚦
The GENIUS Act has seen bipartisan support, but it's also sparked plenty of debate in the Senate. Concerns range from potential loopholes to consumer protection issues. However, it recently cleared a key procedural vote, boosting its chances of a full Senate vote. 🗳️
Essentially, the GENIUS Act is a major move towards bringing clarity and oversight to the U.S. stablecoin market, aiming to strike a balance between fostering innovation and ensuring financial stability and consumer safety. 🤸‍♀️

$BNB
In a significant move for the cryptocurrency landscape, the U.S. Senate has voted 66-32 to advance the GENIUS Act, bringing the first federal stablecoin framework closer to becoming a reality. This landmark legislation aims to provide clarity and regulation for the burgeoning stablecoin market. Here are the key details:

#### 📌 Key Provisions:
- **Dual Oversight**: The bill establishes a dual regulatory system where state regulators will oversee stablecoin issuers with assets under $10 billion, while larger entities will face federal scrutiny to ensure compliance and stability.

- **Reserve Requirements**: To prevent catastrophic collapses similar to the Terra incident, the GENIUS Act mandates full asset backing for stablecoins. Additionally, issuers will be required to undergo monthly audits, ensuring transparency and accountability.

- **Bipartisan Push**: The revised version of the bill has eliminated controversial clauses linked to the previous administration, allowing lawmakers to refocus on consumer protection and fostering innovation within the crypto space.
$ETH
#### 💡 Why It Matters:
With the stablecoin market currently valued at approximately $250 billion, the U.S. must act swiftly to avoid falling behind global competitors like the EU, which has established a comprehensive regulatory framework through its MiCA legislation. The GENIUS Act could not only enhance consumer confidence but also catalyze institutional adoption of cryptocurrencies. Notably, Visa has recently made headlines by investing in the stablecoin platform BVNK, signaling a growing interest in integrating stablecoins into mainstream finance.

As the Senate continues to deliberate on this pivotal legislation, the implications for the cryptocurrency industry are profound. The advancement of the GENIUS Act could set the stage for a more secure and robust ecosystem for stablecoins, ultimately benefiting consumers and investors alike. Stay tuned for further updates as this critical bill progresses through the legislative process! 🚀 #GENIUSAct #Stablecoins #CryptoNews
#GENIUSAct #BinanceAlphaAlert #SaylorBTCPurchase #BinanceAlpha$1.7MReward #MyEOSTrade

Significant strides are being made in the regulation of stablecoins in the United States, driven by the proposed GENIUS Act. Here’s a breakdown of the latest developments:

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What is the GENIUS Act?

The GENIUS Act is a proposed piece of legislation designed to bring regulatory clarity to stablecoin issuance in the U.S.

It has sparked considerable attention in the crypto space due to its potential to reshape market dynamics and regulatory expectations.

Market reactions have been mixed, with increased volatility as investors respond to anticipated changes.

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Key Regulatory Proposals

The Act introduces a tiered regulatory approach based on the scale of the stablecoin issuer.

Larger issuers would face more rigorous oversight.

Smaller and emerging entities may benefit from more flexible regulations, promoting innovation while maintaining safeguards.

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Impact on the Market

The stablecoin market cap has exceeded $246 billion, with over 99% pegged to the U.S. dollar, underscoring the dollar's dominance in the digital currency space.

Stablecoin adoption is expected to drive greater demand for U.S. Treasury securities and enhance cross-border payments, further strengthening the global role of the dollar.

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Legislative Status

As of May 19, 2025, the GENIUS Act is actively being debated in Congress and may come to a vote before Memorial Day.

Ongoing amendments have impacted bipartisan support, suggesting the final bill could undergo additional changes before passage.

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Looking Ahead

A notable provision would limit the "offer and sale" of stablecoins to authorized issuers within three years of the bill becoming law.

Policymakers are also weighing the implications of non-financial tech firms entering the stablecoin space, raising concerns about systemic risk and the need for robust oversight.

---

Conclusion

The GENIUS Act marks a pivotal moment in U.S. crypto regulation. By establishing a structured regulatory framework, it aims to balance innovation with financial stability — ensuring responsible growth in the stablecoin sector while reinforcing the U.S. dollar’s position in the global digital economy.

#GENIUSAct #Stablecoins #CryptoRegulation

Crypto world is buzzing as discussions around the GENIUS Act continue in the U.S. Senate today. This vital legislation, set to return to the floor on May 19th, aims to regulate stablecoins and lay a solid foundation for integrating cryptocurrency into the financial system. While the GENIUS Act does not target Litecoin (LTC) directly, the passage of such a pro-crypto law could significantly enhance the adoption of $LTC and other cryptocurrencies! 🚀

### What’s at Stake?
The GENIUS Act represents a crucial step in creating a regulatory framework that could lead to increased legitimacy and stability within the crypto market. By establishing clear guidelines for stablecoins, the act could foster greater confidence among investors and institutions alike. This is particularly important for Litecoin, which has long been regarded as a reliable and efficient alternative to Bitcoin.

### Potential Impact on Litecoin
If the GENIUS Act passes, it could pave the way for broader acceptance of cryptocurrencies, including Litecoin, in mainstream finance. Increased regulatory clarity may encourage businesses to adopt Litecoin for transactions, further enhancing its utility and value. As more users and merchants recognize the benefits of using $LTC we could see a surge in its adoption, driving demand and potentially increasing its price.
$ETH
### Community Reactions
The Litecoin community is optimistic about the implications of the GENIUS Act. Many believe that clearer regulations could lead to a more robust ecosystem for all cryptocurrencies. As discussions unfold in the Senate, the crypto community is eagerly awaiting updates and is hopeful that legislators will prioritize innovation while ensuring consumer protection.
$LTC
#GENIUSAct #BinanceAlphaAlert #BinanceAlpha$1.7MReward #LTC📈