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

Legislation locks in crypto's regulatory framework—banking giants want to tear it up.

Why Banks Are Pushing Back

Traditional finance hates losing control. The GENIUS Act cuts their monopoly on financial infrastructure, letting crypto firms operate without begging for banking partnerships. It bypasses legacy gatekeepers—and they're furious.

Power Shift in Finance

Decentralized networks now have legal clarity. No more regulatory gray areas. No more waiting for permission. The law's already written—banks just don't like their diminished role.

Final Word

Wall Street's lobbying machine is in overdrive, but rewriting passed legislation reeks of desperation. Maybe they should focus less on killing innovation and more on keeping up with it—their quarterly earnings could use the help.