I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation.
The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act deliver on President Trump’s vision to make crypto a core pillar of the U.S. economy and ensure… pic.twitter.com/rnJgq3KaV2
— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025
US legislators passed a series of bills last week aimed at targeting cryptocurrencies– the CBDC Anti-Surveillance State Act, the GENIUS Act, and the CLARITY Act. I explained the GENIUS Act in another post. Some believe that the CBDC Anti-Surveillance State Act and the CLARITY Act are the safeguards that will ensure the USD is never digitized.
The CLARITY Act determines who will regulate digital assets and what is considered an asset vs a security. The CFTC was tasked with overseeing digital commodities, while the SEC will oversee restricted digital assets whose value is intrinsically linked to blockchain technology. A token sold under an investment contract may or may not be a security.
The Act defines “investment contract asset” as a token that is recorded on blockchain, is sold or intended to be sold pursuant to an investment contract, and can be exclusively possessed and transferred peer-to-peer without an intermediary. Mature tokens on decentralized networks (e.g., Bitcoin or Ethereum), once they meet these conditions, are not classified as securities even if their initial sale qualified as an investment contract. Basically, this act states that the token itself is not automatically considered a security merely through the initial contract. This may prevent the SEC from weaponizing securities against innovation, but it also ensures that the government is enabled to oversee digital transactions.
Now, the CBDC Anti-Surveillance State Act is precise as named. The Act prohibits the Federal Reserve from issuing a CBDC DIRECTLY TO INDIVIDUALS. H.R. 1919 ensures that unelected bureaucrats can never unilaterally issue a CBDC or weaponize a digital dollar to erode our freedoms. The bill would prohibit the Federal Reserve from developing or issuing a CBDC without explicit authorization from Congress.”
The wording is crucial here. Congress still has the ability to authorize the creation of a CBDC. I stated at the last World Economic Conference that the central bank would NOT be the one to usher in digital currency. The real threat is the private banks that US intelligence has already weaponized. The private banks, the Bank for International Settlements (BIS), and the global elite have been pushing to gain control over the monetary system.
The push for digital currencies is coming from the BIS and commercial banks who want to eliminate all paper currency so they can enforce negative interest rates and prevent bank runs. The Fed was not pushing for CBDCs as the Fed was never intended to be the direct banker of the people. They knew it would destroy the existing structure. But the pressure came from international banking elites and the BIS who are trying to force a one-world digital system.
I appeared in the movie “CBDC, the End of Money,” warning that it would have been unconstitutional for the Federal Reserve to create a CBDC. My sources had confirmed that the Fed would not make a CBDC. This is important, as it chalks one up for the people, retaining our freedom.
This new legislation prevents the Federal Reserve from creating a CBDC, but the US Fed was never pushing for this measure. CBDC is not an American idea. The Fed actually resisted the concept, and Trump has been against the creation as well. But the BIS and the European banking elites are the ones pushing this agenda due to the sovereign debt crisis. The idea is to trap capital to control the inevitable collapse by converting to a digital system. The day may come when the Fed is forced to comply, as we live in a global economy, and the BIS, IMF, and Davos elite are actively working to end banking as we have known it.
