Some things have to be learned the hard way.

The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act, signed into law by President Trump on July 18, 2025, is misnamed. It should have been named the EVIL GENIUS Act, as in one of those evil geniuses in James Bond films.

There has been enough ruckus in the alternative media (AM) about central bank digital currencies (CBDCs) to either stop their introduction or make it extremely difficult politically. Legislation was introduced in March, the Anti-CBDC Surveillance Act (H.R. 1919), and passed in the House of Representatives. It is now stuck in the Senate (S.1124), where its primary sponsor is Ted Cruz and it has five cosponsors. Trump has said he will sign it if it passes the Senate. Surely, if this legislation does pass and is signed into law, the U.S. will never experience the civil-liberties-destroying scourge of CBDCs.

More…