Crypto Regulation Reform Could Be Delayed Until 2029 Without GENIUS Bill Passage, Warns John E. Deaton
According to a report by BlockBeats, prominent cryptocurrency advocate and attorney John E. Deaton has cautioned that meaningful regulatory reform for the crypto industry in the United States may be pushed back to 2029 if Congress fails to advance the GENIUS stablecoin bill without delay. His concerns are echoed by Messari founder Ryan Selkis.
Deaton criticized the inconsistent regulatory stance of the U.S., pointing out that shifts in government often result in unpredictable policy changes. He also highlighted that the current regulatory framework still relies heavily on outdated laws from the 1930s and 1940s, making it ill-suited for modern digital assets.
Selkis added that failing to pass the bill during this window could significantly hinder progress on crypto legislation during President Donald Trump's current term, further delaying essential reforms needed to support innovation and market clarity in the industry.
