To The Moon

Yes, the GENIUS Act has been passed by US Congress, Senate and rubber stamped by the US President, Trump.

The currency industry has been pressing for some sorts of US recognition and finally they got it. Just look how bitcoin had rallied.

Is GENIUS Act really good for bitcoin and the cryptocurrency industry in general? You should imagine so, judging by the recent rally of bitcoin, Ethereum and a couple of other cryptocurrencies. Do you know what it stands for? It is a short form for Guiding and Establishing National Innovation for US Stablecoins. The Act signed into law by Trump on 18 July, 2025. It is meant to regulate digital currencies. Yup, you read it right, regulate…

Regulation goes against the very principle of Bitcoin and its creation, which is to resist centralised control. Its focus is on decentralised control, governed by code and consensus. Its very core is censorship resistance. Unlike fiat currencies, it is scarce (with a fixed supply) and deflationary.

Back to GENIUS Act… it is about control, regulation and censorship! GENIUS Act has the hidden agenda of control and oversight by institutions! It is policy driven (to strength USD - allowing US Government to print money for free).

In short, the so-called “stablecoins” are subjected to manipulation! The transactions could be monitored, frozen or even reversed under legal orders (Oh yeah! You read that right, REVERSE)! Meaning if Donald Trump does not like a transaction… they could be forfeited - your “stablecoins” could simply DISAPPEAR!

Not sure you are still celebrating… if you still are, read along as well…

The GENIUS Act aims to align with traditional financial systems and gives government direct influence over digital money flows. Bitcoin aims to REPLACE or BYPASS the traditional banking system, offering alternative to government issued money.

Of course many in the industry had argued that GENIUS Act would allow more people into digital money as it provides clarity to legitimate blockchain infrastructure, indirectly benefiting bitcoin. However, we have to remember this is the fickle-minded and self-centred Trump we are talking about. Furthermore, with GENIUS Act in place, the digital money would be subjected to the dictation of future US Governments. If any government chose to impose unfair rules on it, just like when the US government confiscated gold in 1933, it would be so much easier… the government does not have a good record.

Think again, when has Trump did anything good directly for bitcoin? Yes, bitcoin and Ethernum shot all the way back up since his election. However, did Trump really buy any bitcoin or legislate the purchase of bitcoin? No… those cryptocurrencies in US reserve were confiscated… or part of the loot, so to speak. What he did was created his and his wife’s own cryptocurrencies (like those fiat currencies - minus the need to even PRINT)! I am sure he is looking to use those as the stablecoins… to help himself and his family to more FREE money... how convenient this is going to be!

GENIUS Act is not about bitcoin or cryptocurrency industry in general. You could perhaps associate it to something China created some time back… e-CNY, also known as digital Yuan or DCEP (Digital Currency Electronic Payment). Maybe not as regulated since it is supposed to be privately issued as opposed to China that is central bank issued. It serves similar purpose. I suspect the main reason for this difference is so that Donald Trump can benefit directly from stablecoins issuing. At least China is about state benefit. Trump, on the other hand, is all about himself…

Cryptocurrency fans… rejoice… if you will… celebrate while you still can… stablecoins are all about big institutions and Trump… I am sorry, but it goes against the very core of Bitcoin and its founder’s ideology. When USD is down because of money printing, because of poor money management by the US Government, scarce assets such as bitcoin and precious metals group protect us against government intervention and currency manipulation. Not stablecoins! They follow the fiat currencies to do what the government meant them to do.

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