Potential Delay in U.S. Crypto Regulation Reform Warned by Legal Expert

According to BlockBeats, cryptocurrency advocate and attorney John E. Deaton has issued a warning that substantial crypto regulatory reform in the United States could be postponed until 2029 if Congress fails to pass the GENIUS stablecoin bill promptly. This perspective is supported by Messari founder Ryan Selkis. Deaton criticized the U.S. regulatory approach, highlighting its drastic shifts with changes in government. He noted that current regulations still rely on legal frameworks from the 1930s and 1940s. Selkis emphasized that if the bill is not passed this week, crypto reform may face significant setbacks during the current term of U.S. President Donald Trump.