This marks the first time a former U.S. president has actively opposed Central Bank Digital Currency implementation while simultaneously supporting private cryptocurrency frameworks. Trump's backing of the GENIUS Act while fighting CBDCs creates an unprecedented political dynamic where establishment forces are divided over centralized versus decentralized digital currencies.
Digital Dollar Battle: Trump Backs GENIUS Act Against CBDC Control
📰 What Happened
Cryptocurrency XRP surged 27% to $3.08 as Congress advances three major crypto bills. The GENIUS Act for stablecoin regulation, along with CLARITY and Anti-CBDC legislation, gained crucial House support after Trump's intervention. House Majority Leader Steve Scalise confirmed 'all three bills will be encompassed in the work we do today.' Trading volumes exceeded $8.5B amid analyst Pentoshi's prediction of continued upside due to 'little resistance' and regulatory tailwinds.
📖 Prophetic Significance
The emergence of competing digital currency systems - private (XRP at $3.08) versus government-controlled (CBDCs) - mirrors the prophetic warning of false economic systems masquerading as legitimate alternatives. The GENIUS Act's advancement with Trump's support represents a deceptive 'middle ground' that could lull believers into accepting digital currency control under the guise of freedom. The $8.5B daily trading volume shows massive public buy-in to these systems, fulfilling warnings about widespread acceptance of deceptive financial structures in the last days.