XRP advocate John E. Dayton has warned that if the GENIUS Acts focused on stablecoin regulations fails in the U.S. Senate, broader cryptocurrency. legislation may stall until 2029. He stressed the bill’s importance for regulatory clarity, noting its non controversial nature and national benefit. The GENIUS Act, led by Senator Bill Have try, aims to provide a legal framework for stablecoins, enhancing consumer safety and U.S. financial leadership. While gaining bipartisan support, it faces resistance from those favoring centralized finance. If the bill fails, major crypto reforms like tax laws and market structure regulations may be delayed, impacting the entire digital asset industry.