#GENIUSAct The defender of XRP, John Deaton, has warned that if the U.S. Senate does not approve the GENIUS Act (which is a stablecoin regulation bill), cryptocurrency laws could be delayed until 2029. He asserts that this bill is not controversial and is in the national interest, but if this is also not approved, it will be difficult for more complex bills such as market structure or tax reforms to be approved.