Congressman Warren Davidson is sounding the alarm: the USA is rapidly moving towards a financial system of total surveillance. The reason for his concern is the GENIUS law, which, in his opinion, could turn America into a real 'surveillance state'.
On social media platform X, the Republican from Ohio did not beat around the bush. Davidson directly stated that the stablecoin bill paves the way for the creation of a wholesale version of the US central bank digital currency (CBDC), which will become a tool for 'surveillance, coercion, and control'.
Digital ID as new shackles
But that's not all. The congressman warns of the implementation of a digital identity system that will force Americans to seek government permission to use their own money. Sounds like a dystopia? Davidson doesn't think so.
"Don’t be fooled," he wrote to his 86,000 subscribers. The politician urges rejection of the "globalist surveillance state" and a return to basic principles. He reminded that the original idea of Bitcoin was not to become an illiquid inflation hedge, but to create a system of permissionless peer-to-peer payments.
Davidson is one of the most ardent defenders of financial privacy in Congress since 2016. During his tenure, he has initiated numerous bills aimed at limiting government control over cryptocurrencies, criminalizing central bank digital currencies (CBDC), and even attempted to oust SEC Chairman Gary Gensler.
Allies in the fight for freedom
Davidson is not alone in his concerns. Congresswoman Marjorie Taylor Greene also voted against the GENIUS Act. She pointed out that the bill hands power to banks and opens a "backdoor" for the implementation of CBDC.
"The real danger lies in digital ID, CBDC, and the lack of independent asset storage," Green echoes Davidson's positions.
Hope for the CLARITY Act?
Both politicians are more optimistic about the CLARITY law, which is awaiting consideration in the Senate. Its revision is expected to begin in early 2026.
"CLARITY promises to fix some of GENIUS's shortcomings by protecting independent storage and including other provisions of the House of Representatives," Davidson noted.
However, even here the congressman is skeptical. In his opinion, under the current GENIUS Act, any changes towards individual freedoms from this law will be mostly cosmetic.
Davidson concluded his message with a grim prediction: "Our future depends on what money will become. Without divine intervention, we face a future of control, surveillance, and devaluation."
AI Opinion
Analysis of historical patterns shows a curious trend: every major transformation of the monetary system has been accompanied by a surge of conspiracy theories. The transition from the gold standard, the emergence of credit cards, the implementation of electronic payments—all of these raised similar concerns about total control. However, the current situation has a fundamental difference: for the first time in history, technology allows for the creation of a truly comprehensive real-time transaction monitoring system.
From the perspective of global currency competition, the U.S. finds itself in a difficult position. China is actively testing the digital yuan, Europe is developing the digital euro, while the dollar remains in analog format. American politicians, criticizing CBDC from within, may inadvertently weaken the dollar’s position on the international stage. The paradox is that a refusal to digitize money could pose a greater threat to American financial hegemony than digitization itself.
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