#GENIUSAct
🚨 BREAKING: XRP Legal Expert Warns – Stablecoin Bill Could Make or Break Crypto's Future!
$XRP 💠 #CryptoNew s 🚀 #StablecoinRegulation #cryptolegislation
📉 “No stablecoin bill, no meaningful crypto laws until 2029.”
That’s the stark message from John E. Deaton, prominent $XRP advocate, as the GENIUS Act heads to a decisive U.S. Senate vote.
👉🏻What Is the GENIUS Act?
Backed by Sen. Bill Hagerty, this bipartisan legislation would establish strong reserves and transparency requirements for stablecoins—creating a legal framework to support crypto innovation in the U.S.
*“This isn’t controversial—it’s common sense,”* says Deaton. “If Congress can’t pass this, major crypto reforms like tax clarity or the Lummis-Gillibrand bill won’t happen for years.”
What’s at Stake?
⛔ If the bill fails: Crypto regulation could stall until 2029.
✅ If it passes: It could open the door to real progress on tax rules, market structure, and investor protections.
Momentum Is Growing:
Coinbase’s Faryar Shirzad calls the bill a “national priority.”
Sen. Gillibrand says a Senate vote could happen this week.
The bill seeks to strengthen consumer protections and enable responsible, dollar-backed stablecoin growth.
But Not Everyone Agrees:
Sen. Elizabeth Warren has raised alarms over financial stability risks.
Traditional banks are pushing back against restrictions on earning yield from stablecoin holdings.
Final Countdown:
The Senate is set to vote soon—and the decision could shape U.S. crypto policy for the rest of the decade.
What’s Next for $XRP ?
With regulation hanging in the balance, some investors are eyeing this moment.
Stay alert. Share this update. Watch the markets.
#XRP #CryptoRegulation #GENIUSAct