Crypto Week : Privatize the Dollar, Bypass the Fed, and Call It Freedom
Its Crypto Week Everybody!
I hate to interrupt Crypto Twitters Circle-j over the new all-time highs. Its just that Congress is rolling out the real crypto play — and it has nothing to do with decentralization.
For what DC is calling “Crypto Week,” – The House is set to vote on three major digital asset bills:
The GENIUS Act (stablecoin regulation)
The CLARITY Act (crypto asset classification)
The Anti-CBDC Surveillance State Act (banning a Federal Reserve CBDC)
A Turduken!
The GENIUS Act - AKA The Stablecoin Land Grab
The GENIUS Act is the regulatory holy grail stablecoins like USDC, USDT and USD1
It sets the rules. Turns “internet funny money” into compliant, government-approved payment tools.
Sounds good? Also read:
– These stablecoins are backed by U.S. Treasuries.
Which means:
Stablecoin adoption = more demand for U.S. debt
Private stablecoin issuers = indirect buyers of government IOUs
Treasury-backed coins = government gets funded, issuers get filthy rich
Tether already holds $90+ billion in U.S. Treasuries. Circle manages USDC in partnership with Coinbase. And USD1, Trump’s stablecoin, is backed by World Liberty Financial.
The CLARITY Act - Crypto Isn’t a Security, until It Is
The CLARITY Act clears up one of crypto’s biggest legal headaches: Is it a commodity? Or a security?
The answer — surprise — depends on who’s in charge:
CFTC = commodities
SEC = securities
The CLARITY Act gives clear turf. Which sounds fair — until you realize:
The turf war isn’t over your freedom to innovate. It’s about who gets to tax, regulate, and control your bag.
Regulatory clarity is great — my question is: clarity for who?
The Anti-CBDC Surveillance State Act. - The Fed Gets Banned From the Internet
Now – Here’s the banger: The Anti-CBDC Surveillance State Act.
It bans the Federal Reserve from creating a central bank digital currency.
Sounds like a privacy win… Right?
This is a Fed Bypass disguised as a privacy bill
And in a digital world, digital banking is currency control. This move:
Cuts the Fed out of the dollar’s future
Puts stablecoins in the driver’s seat
Turns the Treasury + private issuers into the new central bank infrastructure
Congress isn’t banning digital dollars. They’re privatizing them.
This is the new system:
USD1, USDT, USDC : are the new dollar
Trump, Tether and Circle : are the new issuers
Treasuries : are the new collateral
We : are still the exit liquidity (that never changes)
This isn’t crypto innovation. It’s a corporate coup with a blockchain face.
Sources :
Official Bill Summaries (U.S. House Financial Services Committee)
Stablecoin Issuers and Treasury Holdings
Trump’s USD1 Stablecoin
World Liberty Financial Website
Note: USD1 is being promoted via World Liberty Financial. It is not yet listed on major indexes, but it’s tied to Trump campaign surrogates and promotion events.