munkle
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- Dec 18, 2012
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The Genus Act "Stablecoin" and CBDC are the same thing, even though Trump banned CBDC issued by the Fed, a bait-and-switch. CBDC and Stablecoins no difference. US Senate vote on Wed. 6/11.
RFK Jr. “We will be slaves” under programmable digital currencies (like Stablecoins)
cointelegraph.com
"The recent GENIUS stablecoin bill in the US is merely a thinly veiled attempt to usher in central bank digital currency (CBDC) controls through privatized means, according to Jean Rausis, co-founder of the Smardex decentralized trading platform.
In a statement shared with Cointelegraph, Rausis said that the US government will punish stablecoin issuers that do not comply with the new regulatory framework, similar to the European Union Markets in Crypto-Assets (MiCA) regulations. The executive added:
Decentralized alternatives to centralized stablecoins, such as algorithmic stablecoins and synthetic dollars, will prove to be a valuable bulwark against this creeping government control over crypto, Rausis concluded."
RFK Jr. “We will be slaves” under programmable digital currencies (like Stablecoins)
The GENIUS stablecoin bill is a CBDC trojan horse — DeFi exec
Centralized stablecoins are not that much different from central bank digital currencies (CBDCs) from a censorship and control perspective.

"The recent GENIUS stablecoin bill in the US is merely a thinly veiled attempt to usher in central bank digital currency (CBDC) controls through privatized means, according to Jean Rausis, co-founder of the Smardex decentralized trading platform.
In a statement shared with Cointelegraph, Rausis said that the US government will punish stablecoin issuers that do not comply with the new regulatory framework, similar to the European Union Markets in Crypto-Assets (MiCA) regulations. The executive added:
“With stablecoins under the government’s control, the result is the same, with the false veneer of decentralization added as a bonus,” the executive continued.“The government realizes that if they control stablecoins, they control financial transactions. Working with centralized stablecoin issuers means they can freeze funds anytime they want — essentially what a CBDC would allow. So, why bother creating a CBDC?”
Decentralized alternatives to centralized stablecoins, such as algorithmic stablecoins and synthetic dollars, will prove to be a valuable bulwark against this creeping government control over crypto, Rausis concluded."