15-5-2025 – Regulatory experts warn of a potential decade-long stagnation in American cryptocurrency legislation, with reforms possibly delayed until 2029, should lawmakers fail to advance the crucial GENIUS stablecoin legislation.
The antiquated state of US digital asset regulation, which remarkably still draws upon pre-war financial frameworks from eight decades ago, has drawn sharp criticism from legal specialist John E. Deaton. The cryptocurrency advocate and barrister particularly emphasised how political transitions have led to jarring shifts in regulatory stance.
These concerns have gained further traction with Messari’s founder, Ryan Selkis, who shares Deaton’s apprehension. Both industry figures stress the pivotal nature of this week’s congressional deliberations, suggesting that failure to enact the bill during President Trump’s tenure could herald an extended period of regulatory uncertainty for the digital assets sector.