This marks the first time a major nation has outsourced its digital currency to private corporations rather than maintaining central bank control. The GENIUS Act's approach of granting banking status to tech companies while requiring government-approved programmable controls creates an unprecedented hybrid system of corporate-state financial surveillance that exceeds traditional CBDC proposals.
Trump Signs GENIUS Act: Private Stablecoins Replace Federal CBDC
📰 What Happened
President Trump signed the GENIUS Act on July 25, 2025, following a contentious 10-hour congressional session. The legislation establishes a framework for private corporations to issue government-approved stablecoins as legal digital currency, effectively creating a privatized CBDC system. These blockchain-based tokens will be backed 1:1 by US currency and managed by corporations granted banking status, with built-in programmable controls for transaction monitoring.
📖 Prophetic Significance
The GENIUS Act represents a crucial timeline marker in the development of the prophesied economic control system. By legally empowering corporations as 'banks' to issue programmable stablecoins, it establishes the technological and regulatory framework needed for Revelation 13's buying and selling controls. The bill's requirement for 1:1 dollar backing creates immediate legitimacy, while the built-in 'throttle controls' enable future restrictions. This corporate-state partnership model could rapidly accelerate global adoption as it appears less threatening than direct government control.