#GENIUSAct
đ¨ BIG NEWS FOR $XRP : Time to Load Up? đ¸
XRP is back in the spotlightâand this time, itâs about more than price. $XRP advocate John E. Deaton just issued a major warning: if the GENIUS Act (a stablecoin regulation bill) fails in the U.S. Senate, meaningful crypto laws might not come until 2029. đą
Deaton, known for his role in the $XRP vs. SEC fight, says the bill is common sense and in the national interest. If lawmakers canât pass even this basic legislation, bigger reforms like crypto tax laws or the Lummis-Gillibrand bill could be dead in the water. âď¸đ
The GENIUS Actâled by Sen. Bill Hagertyâwould set clear rules for stablecoin issuers and require strong reserves to protect consumers. Support is growing fast, with Coinbase calling it a ânational priority.â đşđ¸
But not everyoneâs cheering. Sen. Elizabeth Warren still has concerns, and Deaton notes that the bill bans yield on stablecoin holdingsâsomething banks may fight hard. đŚ
âł The Senate vote could happen this week. If it fails, progress on cryptoâincluding BitBonds and
tax clarityâmight be delayed for years. Stay tuned.