The Great CBDC Bait-and-Switch: How Stablecoins Could Become the New Surveillance Currency

by Matt Agorist | The Free Thought Project

When Donald Trump announced his bold opposition to central bank digital currencies (CBDCs), many cheered. “Finally,” they said, “a politician who’s putting a stop to the technocratic surveillance money.” But as with most things in politics, the devil is in the details — and what’s happening now is a classic bait-and-switch.

While Trump is busy posturing against CBDCs, his administration is actively laying the groundwork for stablecoins to fill the exact same role. Same control grid, different branding.

Legislation like the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is being fast-tracked with little public awareness. The bill aims to give legal clarity for banks and institutions to launch stablecoins backed by the U.S. dollar and other “super safe” assets like short-term treasuries. Read Full Article >