If this bill fails, cryptocurrencies may be frozen until 2029...
$XRP
XRP
2.3312
-0.92%
$XRP supporter and attorney John E. Deaton raised serious concerns: If the GENIUS Act (the stablecoin bill) does not pass in the U.S. Senate, we may not see any real regulation of cryptocurrencies until 2029.
This means 4 more years of confusion. 4 more years of waiting.
Deaton, who has been deeply involved in the $XRP case, says this bill is not even controversial - it's in the national interest. It will create clear rules for stablecoins, protect consumers, and help America lead in the cryptocurrency space again.
But here’s the unfortunate truth: If lawmakers can't even pass a basic stablecoin bill, it's likely that larger reforms (like tax clarity, market rules, or broader cryptocurrency laws) have no chance.
Senator Bill Hagerty, who is leading the GENIUS Act, put it directly - without regulation, innovation in cryptocurrencies is leaving America. Projects are moving overseas. Jobs are disappearing.
Even the highest policy official at Coinbase said this is a national priority. This bill is about strengthening the U.S. dollar and providing fair competition for legacy banking systems.
But resistance is real. Some lawmakers still want complete control over the financial system. Even banks are scared - because stablecoins mean real competition.
The vote is coming soon. If the bill fails, we may lose momentum. We could be stuck.
Cryptocurrencies need clarity. And they need it now.
#XRP #GENIUSAct #CryptoFuture #Stablecoin #FinancialFreedom