**🚨 Crypto Regulation at Risk: GENIUS Act Failure Could Delay Laws Until 2029 🚨**

Prominent **$XRP** advocate and legal expert **John E. Dayton** has issued a stark warning: If the **GENIUS Act**—a key **stablecoin regulation bill**—fails in the **U.S. Senate**, the crypto industry may face a **regulatory standstill until 2029**.

### **Why the GENIUS Act Matters**

The **GENIUS Act**, led by **Senator Bill Hagerty**, aims to establish clear rules for **stablecoin issuers**, ensuring transparency and consumer protection while keeping dollar-backed innovation within the U.S.

🔹 **Regulatory Clarity Needed** – Without this bill, confusion around **stablecoins** and broader crypto laws could persist, pushing more projects **overseas**.

🔹 **Domino Effect** – Dayton warns that if this **"non-controversial"** bill fails, complex legislation like **market structure reform, Lummis-Gillibrand, or crypto tax laws** may stall for years.

### **Industry Backing the Bill**

✅ **Coinbase CPO Faryar Shirzad** calls it a **"national priority"**—critical for **dollar dominance** in blockchain finance.

✅ **Sen. Hagerty** argues it will **reverse the exodus** of crypto firms seeking clearer jurisdictions.

### **Opposition & Challenges**

Despite **bipartisan support**, hurdles remain:

🔻 **Sen. Elizabeth Warren** and others fear **financial risks** and reduced oversight.

🔻 **Banking lobby resistance**—stablecoins could compete with traditional deposits.

### **What’s Next?**

The Senate could vote **this week**. If it fails:

⚠️ **No major crypto laws until 2025-2029**

⚠️ **Continued SEC enforcement chaos**

⚠️ **U.S. risks losing its crypto leadership role**

**#XRP #Stablecoin #GENIUSAct #CryptoRegulation #SEC #Bitcoin #CryptoNews**

**Will Congress act, or will the crypto industry face years of uncertainty?** 🚀 Stay tuned for updates.