This marks the first time in history a major world power has created comprehensive federal regulations specifically for stablecoins, rather than treating them as traditional securities or banking products. The direct involvement of the Federal Reserve in licensing digital currency institutions creates an unprecedented hybrid between traditional banking and crypto infrastructure, potentially laying groundwork for a controlled transition to digital currency systems.
Trump's GENIUS Act: First US Federal Stablecoin Framework
📰 What Happened
On July 18, 2025, President Trump signed the GENIUS Act, creating America's first federal regulatory framework for dollar-backed stablecoins. The legislation assigns oversight to the Federal Reserve for licensing national-level insured depository institutions. Treasury Secretary Bessent and Senate Banking Committee member Tim Scott praised the act for positioning the US as the 'crypto capital of the world' while maintaining dollar dominance. Trump pledged additional crypto market structure legislation before year-end.
📖 Prophetic Significance
The GENIUS Act represents a pivotal shift in monetary control systems by merging government authority with digital currency infrastructure. Trump's statement that 'crypto makes the dollar look good' reveals how digital currencies may become tools for maintaining fiat currency dominance. The Federal Reserve's new licensing power over stablecoin institutions creates the first official framework for transitioning to programmable money - a crucial technical foundation for implementing future economic control systems prophesied in Revelation 13. This combines federal authority, digital infrastructure, and dollar preservation in ways never before seen.