Warren Davidson 🇺🇸
@WarrenDavidson
Did you know the Genius Act enables a layered Central Bank Digital Currency (CBDC)?
CBDC is sometimes called programmable money. Your use of your own money could not only be monitored, it could be conditional, or even expire.
In China they are linking it to social credit social credit systems would be possible with Palantir’s surveillance project.
Layered means the customer interface is not CBDC - just stablecoins in this case. However, the backend architecture can become CBDC with all the power, surveillance, and control.
The Federal Reserve and central banks around the world are building this system of money. The EU plans to begin implementing its version this fall. China is well underway.
Without a strong legally binding ban on CBDC and strong protections for self-custody (like cash for digital assets), I remain strongly opposed to the Genius Act. No CBDC.
2025-07-13T15:26:45.000Z