"CBDC Ban is a Disguise"...Trump, begins 'financial control' with GENIUS bill

▲ Donald Trump, Stablecoin/AI-generated image

The Stablecoin Regulation Act, GENIUS, pushed by U.S. President Donald Trump, is a strategy to build a government-controlled digital dollar system under the guise of prohibiting Central Bank Digital Currencies (CBDCs).

Crypto-specialized YouTube channel Coin Bureau analyzed the true intentions behind the executive order signed by President Donald Trump in a video uploaded on April 26 (local time). Trump prohibited the issuance of central bank digital currency citing privacy protection. At the same time, he ordered the construction of a digital payment infrastructure through private issuers. The key tool is the Stablecoin Regulation Act, GENIUS.

This bill mandates that all stablecoin supplies be backed 1:1 with short-term government bonds or cash. The amount of U.S. Treasury bonds held by private issuers such as Tether and Circle already approaches $200 billion. This comes as foreign creditors are selling off government bonds. The U.S. government uses stablecoins as new buyers for government bonds. Scott Bessent, nominee for Treasury Secretary, publicly stated that the stablecoin mechanism is a new source of funding.

The bill prohibits issuers from distributing interest or profits to consumers. Consumers will not earn profits even if they deposit $10,000. Issuers, on the other hand, monopolize the profits from government bonds. Tether recorded over $10 billion in net profit in 2025 alone. A structure where public interest is transferred to private companies and the government has been legally established. Consumers have forfeited their right to profits generated from their assets in exchange for convenience.

The Treasury Department has mandated that all issuers possess the technical capability to freeze specific wallets or refuse transactions. Tether and Circle have frozen over 7,200 addresses and $3.3 billion in funds at the request of the Treasury Department. The Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) require technology to block suspicious transactions. The anonymity of cash has been eliminated. A foundation has been laid for the government to monitor citizens' financial activities in real-time.

Large financial institutions such as JP Morgan and BlackRock have already seized control of the system. BlackRock manages $150 billion in assets linked to the digital market. The decentralized financial ecosystem, which began with Bitcoin (BTC), has been rapidly absorbed into the regulatory framework designed by Wall Street's massive capital. A new era of the digital dollar, led by the government and large banks, has officially begun.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*