America is on the edge of a financial cliff, and Washington’s so-called “solution” is yet another clever ploy that could further centralize power and lead to a reduction in freedom.
The latest scheme is a bipartisan bill dubbed the Genius Act. The U.S. Senate passed the bill on Tuesday by a vote of 68-30. The bill now moves on to the House, where its prospects are less clear.
It’s time for the right to sound the alarm and reject the Genius Act — at least until it offers protections for individual liberty.
Supporters of the law claim it will modernize digital finance by issuing new regulations for stablecoins, shoring up assets currently used by millions of people worldwide.
But the legislation comes with serious threats to liberty as well.
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