What’s So Smart About The GENIUS Act?
Description:
The newly-passed “GENIUS Act” allows for banks to issue “stablecoins” which are a type of cryptocurrency equivalent to another asset such as the U.S. dollar or gold. Unlike other forms of digital currency whose price may fluctuate, this one is intended to maintain a steady value. But as it is with anything that sounds too good to be true, there is a catch to this deceptive operation. A framework of programmable money, such as this, would only work to further the end goal of enforced compliance and what Catherine Austin Fitts calls “The Great Poisoning” through centralized control via the banking system. Catherine and the other "Financial Rebellion” hosts share valuable insights about this legislation during today’s episode. Watch it on CHD.TV!
Links:
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Treasury Secretary Scott Bessent - X
Stablecoins: Where the Carrot Meets the Stick
Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law
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Solari - The State of Our Currencies