#XRP/USDT BREAKING NEWS FOR XRP — IS NOW THE TIME TO BUY?
$XRP XRP advocate John E. Deaton has issued a strong warning: if the GENIUS Act, a bill aimed at regulating stablecoins, fails to pass in the U.S. Senate, broader crypto legislation could be delayed until 2029.
Deaton, known for his role in the XRP vs. SEC case, says the GENIUS Act is a non-controversial, common-sense bill that's vital for national interests. If lawmakers can’t pass this, then complex reforms — like crypto market structure, tax clarity, or the Lummis-Gillibrand bill — may be shelved for years.
The GENIUS Act, introduced by Senator Bill Hagerty, would establish clear rules for stablecoin issuers, ensuring secure reserves and consumer protection. Hagerty argues the bill would boost U.S. innovation and provide much-needed regulatory clarity.
There's cautious optimism: Senator Kirsten Gillibrand says the bill could pass this week, and support from the crypto industry.$XRP