The GENIUS Act Is Already Law—Banks Shouldn’t Try Rewriting It Now

Wall Street wants to redraw the rules—but crypto's regulatory framework is already set in stone.

Why Banks Are Pushing Back

Traditional financial institutions see the GENIUS Act as a threat to their monopoly. It cuts out middlemen, bypasses legacy systems, and gives consumers direct access to digital asset markets. No wonder they're scrambling to 'clarify' provisions that were perfectly clear when passed.

The Law That Changes Everything

GENIUS establishes clear guidelines for cryptocurrency custody, trading, and compliance. It recognizes digital assets as property, provides consumer protections, and creates a pathway for institutional adoption. Banks had their chance to shape it during the legislative process—now they just want to dilute it.

Finance's Last Gasp

Watching banks try to rewrite settled legislation is like watching a Blockbuster executive demand a rewrite of Netflix's terms of service. The future's already here—they just forgot to buy tickets.