The GENIUS Act represents the first major legislative attempt to regulate 'yield-worship' in cryptocurrency - directly targeting the spiritual nature of DeFi returns. The $5B USDe synthetic dollar system exemplifies how digital assets have become modern-day golden calves, with algorithms replacing altars and yields becoming objects of devotion.
GENIUS Act Targets DeFi: Digital Worship of Yield Takes Major Hit
📰 What Happened
Ethereum's price surged 6% against Bitcoin, reaching 0.02670 on July 16, 2025, driven by the pending GENIUS Act legislation. The act aims to restrict U.S. stablecoin issuers from paying interest, particularly impacting platforms like Ethena's $5B synthetic dollar USDe. According to analyst Markus Thielen, this regulatory move could reinforce Ethereum's dominance in the digital asset ecosystem. ETH prices topped $3,100, marking their highest level since February.
📖 Prophetic Significance
The GENIUS Act's targeting of yield-bearing stablecoins reveals a deeper spiritual deception in DeFi. The $5B USDe system promises 'interest-like returns' through complex algorithmic mechanisms, mirroring how end-times financial systems will merge with false worship (Rev 13:11-17). The legislation's focus on restricting 'yield' parallels biblical warnings about monetary systems becoming objects of devotion. Thielen's analysis of Ethereum's strengthened position suggests a consolidation of digital financial power, aligning with prophecies about centralized control over buying and selling.