#GENIUSAct Update: What It Means for XRP & the Future of U.S. Crypto Regulation

🚨 Big Moment for Crypto – Especially XRP!

$XRP advocate and legal heavyweight John E. Deaton has issued a serious warning: if the U.S. Senate fails to pass the GENIUS Act, a key stablecoin regulation bill, we may not see any major crypto legislation until 2029.

Deaton emphasized that the bill is non-controversial and in the national interest — and if lawmakers can’t pass this, more complex issues like crypto tax reform, market structure, or the Lummis-Gillibrand bill could be dead on arrival.

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What’s the GENIUS Act?

Led by Senator Bill Hagerty, the bill sets clear guidelines for stablecoin issuers, mandating strong reserves and consumer protection. It’s designed to support dollar-backed stablecoin innovation while bringing much-needed clarity to U.S. crypto regulation.

Even Senator Kirsten Gillibrand is optimistic, suggesting the bill might pass this week. Industry voices are rallying — including Coinbase’s policy chief Faryar Shirzad, who called stablecoin legislation a “national priority.”

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The Pushback

Not everyone’s on board. Senator Elizabeth Warren has raised concerns about potential financial risks. And Deaton notes a sticking point: the bill bans yield on stablecoin holdings, something traditional banks might resist.

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Why This Matters for XRP

With XRP’s legal saga spotlighting the need for regulatory clarity, this bill could be a key step forward. But if it fails? The entire crypto sector — including XRP, BitBonds, and broader innovations — could be stuck in limbo for years.

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⏳ A Senate vote is imminent. Will lawmakers act — or will the window close on meaningful crypto progress?

#XRP #GENIUSAct #Stablecoin #CryptoNews #CryptoRegulation $XRP $BTC $ETH