Potential Delays in US Crypto Regulation: Expert Warns of Slow Progress

Cryptocurrency attorney John E. Deaton warns that substantial regulatory reforms for cryptocurrencies within the United States could be delayed until 2029 if Congress fails to pass the GENIUS stablecoin bill quickly. This concern is echoed by Ryan Selkis, founder of Messari. Deaton criticized the U.S.’s current regulatory approach, noting its reliance on legal frameworks from the 1930s and 1940s. Selkis highlights that without this bill passing this week, crypto reform could face significant roadblocks during President Trump’s term.