This marks the first time a former US president has explicitly endorsed cryptocurrency legislation while simultaneously opposing CBDCs, creating an unprecedented division in digital currency governance. The GENIUS Act's potential to position America 'lightyears ahead' of global competitors represents a new paradigm in the prophetic progression toward a unified digital financial system.
Trump Backs GENIUS Act: Digital Currency Battle in Congress
📰 What Happened
The US House rejected a crypto regulation package on July 15, 2025, despite former President Trump's urging support via Truth Social for the GENIUS Act. Trump claimed the act would keep America ahead of China and Europe in digital asset regulation. The package failed after libertarian members opposed combining crypto bills with defense spending. The Freedom Caucus, led by Rep. Chip Roy, demanded separate debates and pushed for a 'hard ban' on CBDCs.
📖 Prophetic Significance
The merging of defense spending with digital currency legislation signals an unprecedented fusion of military and monetary control systems. Trump's specific mention of staying 'lightyears ahead' of China and Europe reveals the prophetic race for digital financial dominance. Rep. Roy's call for a 'hard ban' on CBDCs while supporting other crypto regulation demonstrates the prophesied confusion and division (Daniel 12:4) regarding digital currencies. This aligns with Revelation 13's description of a complex economic system where competing technologies vie for control before the final unified structure emerges.