Is the GENIUS Act a back door to an authoritarian digital dollar?

June 10, 2025

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CEO/Founder

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“It’s a trap!”

Those three iconic words from Admiral Ackbar in Return of the Jedi have never felt more relevant. Except this time, the trap isn’t floating in deep space. It’s embedded in legislation quietly advancing through Congress. And unlike the Rebel Alliance, we don’t have cruisers standing by. We have our voices, our rights, and a limited opportunity to stop what could become one of the most dangerous financial transformations in modern history.

The GENIUS Act, short for the Guiding and Establishing National Innovation for U.S. Stablecoins Act, is being promoted as a bipartisan step toward a more stable crypto landscape. But this bill could lay the foundation for a programmable digital currency. It would not be controlled by the people and would offer few real privacy protections. Instead, power could concentrate in a handful of elite financial institutions, operating under the heavy hand of government regulation and influence.

The Bait: Trust and Transparency

The GENIUS Act is pitched as a way to bring order and reliability to stablecoins. These blockchain-based digital tokens are tied to assets like the U.S. dollar. The bill provides a regulatory framework, requires full asset backing in dollars or Treasuries, and enforces anti-money laundering compliance.

Supporters call it a common-sense step forward. In reality, it would likely enable a tightly regulated network of private actors, deeply aligned with federal interests, to wield significant power over how digital dollars are used and accessed.

The Switch: A Digital Dollar in Disguise

If passed, the GENIUS Act could supercharge the stablecoin market. Currencies like USD Coin and Tether already have hundreds of billions in circulation. With the endorsement of Congress, that figure might rise to $2 trillion by 2028. Government analysts suggest half of that total could be invested in U.S. Treasuries. Citibank estimates the total could be $1.2 trillion by 2030. This would provide a powerful new stream of financing for Washington’s debt machine.

The bill mandates that stablecoins be backed by cash or government debt. Treasuries pay interest; cash does not. That financial reality creates an obvious incentive for stablecoin issuers to pour funds into Treasuries, deepening the federal government’s dependency on digital finance.

What we’re left with is a digital dollar in everything but name. It would be privately issued, publicly regulated, and deeply intertwined in government fiscal strategy.

Programmable Currency, Social Control

One of the most alarming features of this emerging system is programmability. Stablecoin developers would have the ability to encode conditions into the money itself. That includes restrictions on where, how, and by whom funds can be spent.

These controls wouldn’t be set by everyday users. They would be dictated by developers and institutions with global affiliations. Some of the top investors in stablecoins have already promoted the use of radical social credit scores, such as ESG. And while these institutions issuing stablecoins aren’t government officials, they often operate under regulatory pressure and in close alignment with the same bureaucratic agenda.

Do we really believe this power won’t be abused?

Privacy? Limited and Corporate

The GENIUS Act places stablecoin issuers under the Bank Secrecy Act. That requires certain financial disclosures and monitoring, though not necessarily full government access to individual transaction histories. The greater concern lies in what the companies themselves would know.

Under this regime, there are few privacy safeguards for consumers. The companies issuing stablecoins could track transactions, build profiles, and share information as needed to comply with government mandates—or, more troublingly, to serve political or social agendas.

Americans could wake up to find their purchases questioned, their behavior flagged, and their freedom to transact compromised. Not because Congress passed a law banning spending, but because a regulated corporation enforced a government-approved standard.

Wake Up, America

The GENIUS Act is not simply a measure to better regulate one part of the crypto industry. It could be the beginning of a new financial infrastructure designed to monitor, influence, and ultimately control the public.

This is how central bank digital currency might arrive in the United States. It might not come from the Federal Reserve, but through private issuers that are shaped, restrained, and quietly directed by federal regulators. These issuers are not elected. They are not accountable to you. Yet they could soon determine how your money functions.

The American people did not ask for this system. But if we fail to speak out now, we could soon be living in a financial world where compliance, not freedom, defines our economic rights.

This is not innovation. It is a digital snare, tightening with every page of this legislation. If we do not act, we may not get a second chance to stop it.

Glenn Beck is a nationally syndicated radio host and founder of Blaze Media. He is the author of multiple New York Times bestsellers and a passionate advocate for faith, freedom, and the Constitution. Justin Haskins is a New York Times bestselling author, senior fellow at The Heartland Institute, and president of the nonpartisan think tank Our Republic.

Is Mayor Bass HIDING the real reason behind LA’s riots?

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Protesters wore Che shirts, waved foreign flags, and chanted Marxist slogans — but corporate media still peddles the ‘spontaneous outrage’ narrative.

I sat in front of the television this weekend, watching the glittering spectacle of corporate media do what it does best: tell me not to believe my lying eyes.

According to the polished news anchors, what I was witnessing in Los Angeles was “mostly peaceful protests.” They said it with all the earnest gravitas of someone reading a bedtime story, while behind them the streets looked like a deleted scene from “Mad Max.” Federal agents dodged concrete slabs as if it were an Olympic sport. A man in a Che Guevara crop top tried to set a police car on fire. Dumpster fires lit the night sky like some sort of postapocalyptic luau.

If you suggest that violent criminals should be deported or imprisoned, you’re painted as the extremist.

But sure, it was peaceful. Tear gas clouds and Molotov cocktails are apparently the incense and candles of this new civic religion.

The media expects us to play along — to nod solemnly while cities burn and to call it “activism.”

Let’s call this what it is: delusion.

Another ‘peaceful’ riot

If the Titanic “mostly floated” and the Hindenburg “mostly flew,” then yes, the latest L.A. riots are “mostly peaceful.” But history tends to care about those tiny details at the end — like icebergs and explosions.

The coverage was full of phrases like “spontaneous,” “grassroots,” and “organic,” as if these protests materialized from thin air. But many of the signs and banners looked like they’d been run off at ComradesKinkos.com — crisp print jobs with slogans promoting socialism, communism, and various anti-American regimes. Palestinian flags waved beside banners from Mexico, Venezuela, Cuba, and El Salvador. It was like someone looted a United Nations souvenir shop and turned it into a revolution starter pack.

And guess who funded it? You did.

According to at least one report, much of this so-called spontaneous rage fest was paid for with your tax dollars. Tens of millions of dollars from the Biden administration ensured your paycheck funded Trotsky cosplayers chucking firebombs at local coffee shops.

The same aging radicals from the 1970s — now armed with tenure, pensions, and book deals — are cheering from the sidelines, waxing poetic about how burning a squad car is “liberation.” These are the same folks who once wore tie-dye and flew to help guerrilla fighters and now applaud chaos under the banner of “progress.”

This is not progress. It is not protest. It’s certainly not justice or peace.

It’s an attempt to dismantle the American system — and if you dare say that out loud, you’re labeled a bigot, a fascist, or, worst of all, someone who notices reality.

And what sparked this taxpayer-funded riot? Enforcement against illegal immigrants — many of whom, according to official arrest records, are repeat violent offenders. These are not the “dreamers” or the huddled masses yearning to breathe free. These are criminals with long, violent rap sheets — allowed to remain free by a broken system that prioritizes ideology over public safety.

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This is what people are rioting over — not the mistreatment of the innocent, but the arrest of the guilty. And in California, that’s apparently a cause for outrage.

The average American, according to Los Angeles Mayor Karen Bass, is supposed to worry they’ll be next. But unless you’re in the habit of assaulting people, smuggling, or firing guns into people’s homes, you probably don’t have much to fear.

Still, if you suggest that violent criminals should be deported or imprisoned, you’re painted as the extremist.

The left has lost it

This is what happens when a culture loses its grip on reality. We begin to call arson “art,” lawlessness “liberation,” and criminals “community members.” We burn the good and excuse the evil — all while the media insists it’s just “vibes.”

But it’s not just vibes. It’s violence, paid for by you, endorsed by your elected officials, and whitewashed by newsrooms with more concern for hair and lighting than for truth.

This isn’t activism. This is anarchism. And Democratic politicians are fueling the flame.

This article originally appeared on TheBlaze.com.

Glenn Beck's 'No King but Christ' merch: Will faith STOP the chaos?

On Saturday, June 14, 2025 (President Trump's 79th birthday), the "No Kings" protest—a noisy spectacle orchestrated by progressive heavyweights like Randi Weingarten and her union cronies—will take place in Washington, D.C.

Thousands will chant "no thrones, no crowns, no king," claiming to fend off authoritarianism and corruption.

But let’s cut through the noise. The protesters' grievances—rigged courts, deported citizens, slashed services—are a house of cards. Zero Americans have been deported, Federal services are still bloated, and if anyone is rigging the courts, it's the Left. So why rally now, especially with riots already flaring in L.A.?

Chaos isn’t a side effect here—it’s the plan.

This is not about liberty; it's a power grab dressed up as resistance. The "No Kings" crowd wants you to buy their script: government’s the enemy—unless they’re the ones running it. It's the identical script from 2020: same groups, same tactics, same goal, different name.

But Glenn is flipping the script. He's dropping a new "No Kings but Christ" merch line, just in time for the protest. Merch that proclaims one truth: no earthly ruler owns us; only Christ does. It’s a bold, faith-rooted rejection of this secular circus.

Why should you care? Because this won’t just be a rally—it’ll be a symptom. Distrust in institutions is sky-high, and rightly so, but the "No Kings" answer is a hollow shout into the void. Glenn’s merch begs the question: if you’re ditching kings, who’s really in charge? Get yours and wear the answer proudly.

Truth unleashed: 95% say media’s excuses for anti-Semitism are a LIE

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Glenn asked for YOUR take on the rising tide of anti-Semitism, and you delivered. After the Boulder attack, you made it clear: this isn’t just a news story—it’s a crisis the elites are dodging.

Your verdict is unmistakable: 96% of you see anti-Semitism as a growing threat in the U.S., brushing aside the establishment’s weak excuses. The spin does not fool you—95% say the media is deliberately downplaying the issue, hiding a cultural rot that’s all too real. And the government’s response? A whopping 95% of you call it a disgraceful failure, leaving communities exposed.

Your voices shatter the silence. Why should we trust narratives that dismiss your concerns? With 97% of you warning that anti-Semitism will surge in the years ahead, you’re demanding action and accountability. This is your stand for truth.

You spoke, and Glenn listened. Your bold response sends a message to those who’d rather ignore the problem. Keep raising your voice at Glennbeck.com—your input drives the fight for justice. Take part in the next poll and continue shaping the conversation.

Want to make your voice heard? Check out more polls HERE.

JPMorgan Chase CEO issues dire warning about America's prosperity

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Jamie Dimon has a grim forecast for America — and it’s not a recession. He sees a fragile nation drifting into crisis while its leaders fight over TikTok.

Jamie Dimon, CEO of JPMorgan Chase — one of the most powerful financial institutions on earth — issued a warning the other day. But it wasn’t about interest rates, crypto, or monetary policy.

Speaking at the Reagan National Defense Forum in California, Dimon pivoted from economic talking points to something far more urgent: the fragile state of America’s physical preparedness.

We are living in a moment of stunning fragility — culturally, economically, and militarily. It means we can no longer afford to confuse digital distractions with real resilience.

“We shouldn’t be stockpiling Bitcoin,” Dimon said. “We should be stockpiling guns, tanks, planes, drones, and rare earths. We know we need to do it. It’s not a mystery.”

He cited internal Pentagon assessments showing that if war were to break out in the South China Sea, the United States has only enough precision-guided missiles for seven days of sustained conflict.

Seven days — that’s the gap between deterrence and desperation.

This wasn’t a forecast about inflation or a hedge against market volatility. It was a blunt assessment from a man whose words typically move markets.

“America is the global hegemon,” Dimon continued, “and the free world wants us to be strong.” But he warned that Americans have been lulled into “a false sense of security,” made complacent by years of peacetime prosperity, outsourcing, and digital convenience:

We need to build a permanent, long-term, realistic strategy for the future of America — economic growth, fiscal policy, industrial policy, foreign policy. We need to educate our citizens. We need to take control of our economic destiny.

This isn’t a partisan appeal — it’s a sobering wake-up call. Because our economy and military readiness are not separate issues. They are deeply intertwined.

Dimon isn’t alone in raising concerns. Former Google CEO Eric Schmidt has warned that China has already overtaken the U.S. in key defense technologies — hypersonic missiles, quantum computing, and artificial intelligence to mention a few. Retired military leaders continue to highlight our shrinking shipyards and dwindling defense manufacturing base.

Even the dollar, once assumed untouchable, is under pressure as BRICS nations work to undermine its global dominance. Dimon, notably, has said this effort could succeed if the U.S. continues down its current path.

So what does this all mean?

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It means we are living in a moment of stunning fragility — culturally, economically, and militarily. It means we can no longer afford to confuse digital distractions with real resilience.

It means the future belongs to nations that understand something we’ve forgotten: Strength isn’t built on slogans or algorithms. It’s built on steel, energy, sovereignty, and trust.

And at the core of that trust is you, the citizen. Not the influencer. Not the bureaucrat. Not the lobbyist. At the core is the ordinary man or woman who understands that freedom, safety, and prosperity require more than passive consumption. They require courage, clarity, and conviction.

We need to stop assuming someone else will fix it. The next crisis — whether military, economic, or cyber — will not politely pause for our political dysfunction to sort itself out. It will demand leadership, unity, and grit.

And that begins with looking reality in the eye. We need to stop talking about things that don’t matter and cut to the chase: The U.S. is in a dangerously fragile position, and it’s time to rebuild and refortify — from the inside out.