This marks the first time a major world power has established comprehensive federal-level cryptocurrency regulation with bipartisan support. Unlike previous piecemeal approaches, the GENIUS Act creates a unified framework specifically enabling institutional adoption of digital assets. The involvement of former House Financial Services Chair McHenry transitioning to Ondo Finance demonstrates unprecedented integration between government oversight and digital currency infrastructure.
GENIUS Act: US Digital Currency Framework Marks Global Shift
📰 What Happened
Treasury Secretary Bessent has signed the bipartisan GENIUS Act in July 2025, creating the first comprehensive federal framework for digital assets in the US. The legislation addresses stablecoins, custody, and market structure, enabling nationwide expansion of digital asset operations. Ian De Bode of Ondo Finance called it 'the start of a new regulatory era,' noting this removes the biggest barrier for major financial institutions. The news triggered rallies in Bitcoin and Ethereum markets, with former House Financial Services Chair Patrick McHenry present at the signing.
📖 Prophetic Significance
The GENIUS Act's stablecoin provisions and custody framework create the technical infrastructure needed for a unified digital currency system prophesied in Revelation. Secretary Bessent's federal framework enables major financial institutions to participate in digital asset markets, accelerating the capability for centralized economic control. The transition of McHenry from government oversight to private digital finance demonstrates the merging of state and financial powers. This technological infrastructure, combined with institutional adoption and regulatory clarity, establishes systems necessary for implementing the mark of the beast payment architecture that was impossible before digital currencies.