#BinancePizza #SaylorBTCPurchase #MerlinTradingCompetition #MyEOSTrade $#GENIUSAct XRP Supporter John Deaton Warns – Crypto Laws Could Be Delayed Until 2029!
John Deaton has warned that if the GENIUS Act doesn’t pass in the US Senate, crypto regulation could be pushed back for years.
What is the GENIUS Act?
A bill proposed by Senator Bill Hagerty
Aims to create a legal framework for stablecoins
Requires issuers to hold high-quality reserves
Goal: Ensure consumer safety and transparency
What’s the opposition saying?
Senator Elizabeth Warren is against it
She says the bill could benefit Trump’s crypto ventures
Also warns it might increase financial risks
What’s the industry saying?
Coinbase Chief Policy Officer Faryar Shirzad says:
“Stablecoin legislation is a national priority and the US should lead in blockchain-based finance.”