Lawyer: If the US Congress fails to pass the GENIUS bill in time, crypto regulatory reform will be delayed until 2029
2025-05-15 00:07:34
On May 15, pro-cryptocurrency lawyer John E Deaton warned that if the US Congress fails to pass the stablecoin GENIUS bill in time, substantive crypto regulatory reform may be delayed until 2029. This view is supported by Messari founder Ryan Selkis and others. Deaton criticized the US regulatory attitude that has swung sharply between government changes, and the current regulation still relies on the legal framework of the 1930s and 1940s. Selkis specifically pointed out that if the bill fails to pass this week, the crypto reform of the future Trump administration may be aborted.
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