This marks the first comprehensive U.S. legislation specifically targeting stablecoin interest payments while explicitly favoring institutional blockchain networks. The GENIUS Act's focus on prohibiting user interest represents an unprecedented step toward centralizing digital currency control through established financial institutions, particularly via the Ethereum network's institutional applications.
US Crypto GENIUS Act: Digital Money Control System Takes Shape
📰 What Happened
President Trump announced a vote on two major crypto regulation bills after GOP lawmakers reversed opposition following White House talks. The GENIUS Act, already Senate-approved, would ban interest on stablecoins while strengthening Ethereum's institutional role. Bitcoin responded by climbing 2% to $119,114, while Ether rose 3% to $3,156. Smaller crypto stocks saw 13-14% gains. The companion CLARITY Act addressing broader market structure remains pending, with major exchanges pushing for joint passage.
📖 Prophetic Significance
The GENIUS Act's architecture reveals how modern financial technology enables the prophesied global economic control system. The bill's prohibition of stablecoin interest payments, combined with its preference for institutional Ethereum networks ($3,156 per token), creates the technical framework for centralized oversight of digital transactions. The surge in institutional crypto stocks (13-14% gains) signals the shift from individual to corporate control of digital assets. This infrastructure, impossible before blockchain technology, provides the exact mechanisms needed for monitoring and restricting individual financial participation prophesied in Revelation.