The Genius Act - NEW WORLD FEDERAL CURRENCY - Trump Crypto Currency Coin Leading To NESARA & GESARA

2LiterJaySTM
Published on Oct 29, 2025
In mid-June 2025, the U.S. Senate passed the GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—marking a historic move toward comprehensive federal regulation of digital payment stablecoins. The bill passed with a strong bipartisan majority, supported by 18 Democrats and most Republicans, despite objections from several progressive lawmakers. The legislation zeroes in on payment stablecoins—digital tokens pegged to the U.S. dollar and used for transactions—while excluding algorithmic and other crypto assets. Spearheaded by Senators Bill Hagerty, Kirsten Gillibrand, and Cynthia Lummis, along with House sponsor French Hill, the GENIUS Act sets strict standards for issuers, including 1:1 reserve requirements backed by cash or U.S. Treasuries. It mandates monthly public disclosures, annual audits, and strict segregation of reserves from issuer operational funds, all aimed at enhancing transparency and protecting consumers.

Issuers must be federally qualified banks or nonbanks or be state-licensed, though any entity issuing over $10 billion in stablecoins must register with federal authorities. Smaller issuers under the $10 billion threshold may remain state-regulated if those states meet federal standards. Oversight is divided between federal and state regulators, including the OCC, Treasury, FDIC, and Federal Reserve, creating a hybrid model of accountability. The act bans interest-bearing stablecoins and prohibits any marketing that implies government backing, while applying anti-money laundering (AML) and know-your-customer (KYC) rules in line with the Bank Secrecy Act. Stablecoin issuers must also have mechanisms in place for asset freezes under court orders. Foreign stablecoin providers are barred from offering services to U.S. persons unless they meet comparable regulatory standards.

The act’s provisions have drawn criticism, particularly over an exemption allowing the President and Vice President to hold or profit from stablecoins, which critics like Senators Elizabeth Warren and Jeff Merkley call a dangerous conflict of interest. These concerns are intensified by reports of Trump family ties to new stablecoins like USD1. Some also argue the bill could repeat historical policy mistakes, likening it to the Commodity Futures Modernization Act of 2000, which played a role in the 2008 financial crisis. Supporters, however, view the GENIUS Act as a critical step toward regulating the fast-growing crypto space, ensuring consumer protections while preserving the U.S. dollar’s dominance in global finance. Advocates argue it brings much-needed clarity and stability to the digital asset ecosystem without stifling innovation.

With Senate approval complete, the bill now moves to the House, where a companion proposal known as the STABLE Act awaits reconciliation. Lawmakers hope to finalize and pass the legislation before the August recess. If enacted, the GENIUS Act would become the first federal law regulating stablecoins in the United States, setting a precedent for how digital dollars are issued and managed. While it’s hailed by the crypto industry and many in Congress as a win for financial modernization, the debate over executive branch exemptions and long-term systemic risks continues. The final version of the bill will reflect the balance between innovation and oversight—a test of Congress’s ability to regulate cutting-edge technology while guarding against exploitation and abuse.

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