EVERYONE THOUGHT THE GENIUS ACT WAS ABOUT CRYPTO REGULATION. THE DATA JUST PROVED IT WAS SOMETHING ELSE ENTIRELY.
Four months ago, Trump signed a law that made headlines for 48 hours. Tech regulation. Stablecoin rules. The market moved on.
But the numbers that just came out tell a completely different story.
The GENIUS Act buried one sentence in 47 pages: every stablecoin dollar must be backed 100% by U.S. Treasury bills. Nothing else qualifies. Not cash in banks. Not corporate bonds. Only government debt.
Stablecoin market cap when the law passed in July: $200 billion.
Stablecoin market cap today: $309 billion.
That’s $109 billion in new legally mandated purchases of U.S. government debt in 4 months.
Treasury Secretary Bessent’s official projection: $3 trillion by 2030.
Here’s what that actually means. The government doesn’t need to find buyers for its debt anymore. The law creates the buyers automatically. Every time someone anywhere in the world buys a digital dollar, a stablecoin company is legally required to buy a Treasury bill with that money.
The Bank for International Settlements measured the effect. Every $3.5 billion in stablecoin growth lowers what the government pays to borrow money by 0.025%. At $3 trillion, that saves $114 billion per year. That’s $900 per U.S. household in lower debt costs.
Bessent confirmed it last week. He said because of stablecoin growth, Treasury doesn’t need to increase the size of bond auctions. The government found a way to fund spending without traditional buyers.
The institution that proves it’s real: JPMorgan. After 10 years of calling crypto fraud, they announced last month they now accept Bitcoin as collateral. The largest bank in America doesn’t reverse a decade of policy because of trends. They reverse because the power structure changed.
What changed: the law moved regulatory control from the Federal Reserve to the Office of the Comptroller of the Currency. That office reports directly to the Treasury Secretary.
The Treasury now controls who can create digital dollars. And the law requires those digital dollars to fund government debt.
This is not monetary policy. This is legislative engineering of debt demand.
And it’s been operational since July.
Read the full deep dive analysis - https://t.co/c9CE2utZua
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THOMAS MASSIE: “It’s ironic that we control the House, Senate, Supreme Court, & the White House -- and we're yelling 'election fraud'? We won all the damn elections.
What are we doing with that? We’re bankrupting the country. We’re starting new wars. We’re violating the Constitution. We’re not cracking down on the fraud. The problem is not the elections. We won the damn elections. The problem is that we’re wasting the opportunity voters gave us."
🚨BREAKING: Rupert Lowe talks to Joe Rogan about the "Rape Gang Inquiry" report.
"The genesis of the rape gangs was this multicultural invasion of Europe. They wanted open borders."
"We've estimated a minimum of a quarter million rapes have taken place. It's probably much, much more."
"A lot of these girls were impregnated and forced to convert to Islam."
"These are properly organized gangs who are grooming and abusing young girls, as young as ten, and then literally trafficking them around the country."
"There's a cultural difference of opinion between an open high-trust Christian view of women and the Islamic view of women."
"They're predominantly from Pakistan and from one part called Mirpur. There are some from Bangladesh, Somalia, and Eritrea. There are other Muslim countries that perpetrate some of this and of course there are white people who perpetrate rape as well, but nothing on the scale of this."
"The state knows this is happening, but they don't want to admit that their multicultural experiment has failed. They don't want to be called racist. People are frightened to be accused of effectively being biased and white due to all of the woke DEI rubbish that has permeated the whole of British society."
@joerogan@RupertLowe10
Full interview below ↓
The current war is a timely reminder that the US ruling elites regard the US taxpayers and ordinary Americans as little more than inconvenient afterthoughts in US foreign policy. | @ryanmcmaken
https://t.co/tWmOB0v3Ne
We’re debating the Iran War Powers Resolution I co-authored with @RepRoKhanna.
Under our Constitution, the power to initiate war rests solely with Congress.
Congress owes our service members a clearly defined mission, so that when they accomplish it, they can come home.
“A sustained war with Iran with not stabilize the region, it will radicalize new generations of terrorists and it will send more swarms of refugees into Europe and the United States.”
– @RepThomasMassie
Where's the lie?
KASH PATEL: “There’s no credible information that Jeffrey Epstein trafficked minors.”
He perjured himself in a sworn statement before Congress. He must be immediately arrested and charged under 18 U.S. Code § 1621.
Paper money was never supposed to be the money.
It was a receipt.
You deposited gold at a bank.
The bank gave you a note that said:
"The bearer of this note may redeem it for X amount of gold."
That's all a dollar was. A claim ticket.
The paper had no value.
The gold in the vault did.
The paper just made it easier to carry.
This system worked for centuries.
Every major currency was backed this way.
The British pound.
The French franc.
The U.S. dollar.
Then, slowly, governments realized something:
If people trust the paper,
they never come for the gold.
So they printed more notes than they had gold.
Then more.
Then more.
When too many people asked questions,
they closed the gold window.
That was supposed to be temporary.
55 years later, the dollar is still backed by nothing
but trust. And that trust has cost you 97% of your purchasing power.
The receipt became the money.
Global money became trust-based.
And money became nothing but a promise
that nobody has to keep.
One year ago today, a prison guard banged on my cell door and said: YOU'RE FREE!!
After more than 11 years under a life sentence, I walked out of max security prison with Leaf Erikson, the plant I was growing in my cell.
Leaf and I are so grateful for our second chance at life.
Congratulations to team @monero for coming back to #11 by market cap 👏
It's hopeful to see digital cash making a real comeback in the Crypto"currency" story.
Liberty has a real chance 🤝
#BitcoinCash#Monero#XMR#ClubFreedom