This marks the first time a former US president has explicitly endorsed cryptocurrency while simultaneously opposing CBDCs, creating an unprecedented dynamic where private digital currencies gain legitimacy while government-controlled versions face resistance. This unique political configuration could accelerate the development of a decentralized financial system that later becomes centralized.
US House Crypto Week: Digital Babylon's Financial Framework Forms
📰 What Happened
The US House Financial Services Committee will review three major crypto bills during 'Crypto Week', including the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act. This legislative push comes as Bitcoin reaches $118,000, marking new all-time highs. Former President Trump's administration recently passed a pro-crypto bill before July 4, dubbed the 'big, beautiful' bill, signaling growing institutional support for digital assets.
📖 Prophetic Significance
The United States, modern Babylon in prophetic terms, is positioning itself as the architect of global digital finance through these three bills. This mirrors ancient Babylon's role as the originator of banking and commerce systems. The $118,000 Bitcoin price point alongside Trump's 'big, beautiful' bill creates economic conditions forcing global markets to acknowledge crypto legitimacy. This aligns with Revelation 18's description of Babylon's economic dominance through innovative trading systems. The anti-CBDC stance paradoxically paves way for private systems that could later be co-opted into the prophesied mark system.