This marks the first time a US federal legislation has potentially merged stablecoin regulation with CBDC infrastructure through a single act. The GENIUS Act uniquely creates a regulatory framework that could transform private stablecoins into government-controlled digital currency without requiring separate CBDC legislation, representing an unprecedented approach to centralizing digital currency control.
GENIUS Act: Hidden CBDC Gateway Threatens US Financial Freedom
📰 What Happened
US Congresswoman Marjorie Taylor Greene has warned that the newly introduced GENIUS Act, while presented as a stablecoin regulatory framework, contains features that could enable a Central Bank Digital Currency (CBDC) implementation. Greene stated on X that the bill 'regulates stablecoins and provides for the backdoor Centralized Bank Digital Currency.' The warning has gained support from crypto industry leaders, including economist Saifedean Ammous, who argues that the dollar already functions as a state-monitored digital token.
📖 Prophetic Significance
The GENIUS Act's dual-purpose structure (stablecoin regulation + CBDC enablement) represents a sophisticated evolution in prophesied financial control systems. Unlike previous CBDC proposals that were overtly state-controlled, this legislation demonstrates how private sector digital currencies could be co-opted through regulation. The support from crypto industry leaders for Greene's warning signals a recognition that prophesied financial surveillance is advancing through subtle legislative mechanisms rather than direct government mandates. This aligns with prophecies about deception in the end times financial system, where control mechanisms are implemented through seemingly beneficial regulations.