BREAKING: $XRP at a Crossroads — Is Now the Time to Buy?
XRP advocate John E. Deaton has raised serious concerns about the future of U.S. crypto regulation. If the GENIUS Act — a stablecoin-focused bill — fails in the Senate, Deaton warns that broader crypto legislation may not arrive until 2029.
The GENIUS Act, introduced by Senator Bill Hagerty, aims to provide clear rules for stablecoin issuers, emphasizing secure reserves and consumer protection. Deaton, famous for backing $XRP in its battle against the SEC, calls it a “non-controversial, common-sense” step critical to U.S. innovation and competitiveness.
If the Senate can’t pass this bill — seen as the low-hanging fruit — more complex frameworks like crypto tax reform, market structure regulation, or the Lummis-Gillibrand bill might be stalled for years.
However, there’s cautious optimism: Senator Kirsten Gillibrand believes the bill could pass this week, and industry leaders are backing it.
Why this matters for XRP holders:
A win for the GENIUS Act could fast-track crypto clarity, potentially boosting XRP’s legitimacy and price.
A delay could extend the regulatory fog around $XRP
and other digital assets.
Bottom line: If the GENIUS Act passes, it could reignite momentum in the U.S. crypto space — a key moment for investors watching
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