This marks the first time a former US president has enacted comprehensive stablecoin legislation, creating an unprecedented merger of traditional government authority with digital currency control. The GENIUS Act's focus on dollar-pegged cryptocurrencies specifically builds infrastructure for potential CBDC implementation while maintaining the illusion of private sector innovation.
GENIUS Act: Digital Dollar Control System Advances Under Trump
📰 What Happened
President Trump has signed the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act) on July 17, 2025, establishing the first major regulatory framework for US dollar-pegged cryptocurrencies. Ripple CEO Brad Garlinghouse compared the legislation's significance to post-2008 financial crisis reforms, noting it's the largest regulatory bill in 15 years. The House of Representatives passed the bill aimed at positioning the US as a leader in digital finance regulation.
📖 Prophetic Significance
The GENIUS Act represents a sophisticated religious deception by clothing centralized financial control in the language of innovation and stability. Brad Garlinghouse's comparison to 2008 reforms is telling - both events expanded government oversight while promising security. The Act's focus on 'dollar-pegged' currencies creates a false sense of familiarity while establishing infrastructure for digital control. This fulfills warnings about end-time financial systems that appear beneficial but enable unprecedented monitoring and control. The timing under Trump's administration adds another layer of deception, as it comes through unexpected channels rather than obvious opponents of financial freedom.