Potential U.S. Crypto Regulatory Reforms May Be Delayed Until 2029, Legal Expert Warns
John E. Deaton, a prominent cryptocurrency advocate and attorney, has cautioned that meaningful regulatory reform for the crypto industry in the United States could be delayed until 2029 if Congress does not act swiftly to pass the GENIUS stablecoin bill.
His concerns were echoed by Messari founder Ryan Selkis.
Deaton criticized the U.S. regulatory system for its reliance on outdated legal frameworks from the 1930s and 1940s and for its inconsistency, which he attributed to political shifts in government leadership.
Selkis added that failure to pass the legislation this week could result in significant setbacks for crypto regulation during President Donald Trump's current term.
