GENIUS Act Shakes Crypto World: Should Sam Bankman-Fried’s Conviction Be Overturned?

The GENIUS Act just bulldozed through Congress—and it’s throwing Sam Bankman-Fried’s legal nightmare into chaos. Crypto’s fallen poster boy might’ve caught a break, but Wall Street’s already rolling its eyes.

Legislation meets reckoning

The new law rewrites crypto’s rulebook overnight. Suddenly, SBF’s ‘fraud’ looks more like aggressive compliance with yesterday’s vague standards. Legal teams are salivating at the loopholes.

Market reacts with cynical shrug

FTX tokens pumped 12% on the news before settling—because nothing fuels crypto rallies like regulatory whiplash. Traders know the drill: buy the rumor, sell the reform.

Justice in the age of moving goalposts

Prosecutors built their case on 2022’s rulebook. But in crypto, that might as well be the Stone Age. The real crime? Being first to exploit gray areas that later get codified.

One thing’s clear—in Washington and Wall Street, the house always wins. Just ask the lawmakers who coincidentally dumped crypto holdings before drafting this ‘consumer protection’ bill.