The new regulation makes Stablecoins tools of state surveillance.
At the global level, this play seeks to project the power of the dollar.
Bryan Steil, a member of the House of Representatives by the United States Republican Party, proclaimed before the plenary of a new era for cryptocurrencies.
This due to the recent regulatory advance of the Clarity bill, which for him represents the starting gun of a “golden age” of financial innovation, one that, according to its defenders, will ensure US global leadership.
“Mr. President, what we want is that innovation and development do not occur in joint rooms or law firms,” said the legislator. «We want them to occur in basements and bedrooms, ensuring that the United States leads. The revolution is not a partisan issue. It is an American issue, ”he added.
His words They resonate In social networks, where some members reacted by pointing out: «What inspiring! The golden age of digital assets has finally arrived, ”said the user Jessica in xrepeating your message.
«Regulatory clarity = unstoppable growth. Come on!”, added A pseudonym enthusiast Mark. The general sensation among its supporters is that the country is taking the lead. «Either we lead or leave the reins to our rivals. There is no average term, ”he said the check THECOINZONE.
The Clarity project seeks establish a clear regulatory framework To determine which digital assets are Securities Under the jurisdiction of the sec or Commodities Under the CFTC. Thus, it intends to erase the uncertainty that has reigned in the ecosystem for years and generated multiple judicial cases.
The House of Representatives approved the initiative on Thursday, July 17, along with two other projects: Genius, which establishes a regulation for Stablecoins, and Anti-CBDC, which prevents the creation of digital currencies of Central Bank (CBDC).
Unlike Genius, which was signed the next day by President Donald Trump becoming law, both the Clarity and Anti-CBDC project still require other legislative processes to be promulgated.
However, under the surface of the legislative celebration of its advances, it emerges A much more critical and complex perspective which questions the true nature of this so -called “golden age.”
The CBDC by the back door
A user, named Colin Addisonexpressed in X a overwhelming rejection of the new regulation that, although it includes the prohibition of the Central Bank digital currencies (CBDC), could also be opening a rear door hidden.
«We don’t want the CBDC !!!!!! Final point! ”Addison said. Since his vision, the Genius law, signed by President Trump last week, is a step towards strengthening the domain of the dollar and, potentially, offers an undercover route to introduce a CBDC.
Its position reflects a concern shared by some sectors about the implications of centralized digital currencies, especially in terms of privacy, government control and financial autonomy, associated with the regulation of stablcoins under this new legislation.
About this deepens an editorial article of cryptootics, which indicates that The United States is not prohibiting CBDC, but simply by making them a “rebranding.”
The central argument is that the Genius law, which regulates the stablecoins, transforms these stable currencies backed by the dollar into the true de facto CBDC of the United States.
The strategy, qualified as “genius” by its critics as its translation, consists in gaining the applause of the sector by prohibiting a direct state CBDC, while its control and surveillance characteristics are introduced through private companies.
“All this is a game of definitions,” says the Cryptootic Editorial. The law obliges Stablecoins issuers (such as Tether or Circle) to comply with the same surveillance regulations as traditional banksincluding suspicious activity reports (SAR) and customer identification programs (CIP).
In practice, this makes Stablecoins companies “de facto government agencies”, deepening financial surveillance instead of promoting freedom that many associate with cryptocurrencies.
This is a “Silent Bretton Woods,” is argued in the publishing house, where the domain of the dollar is restored not in the reserves of the central banks, but directly in the savings and payments of millions of people worldwide, many of whom use Stablecoins to protect themselves from inflation in their own countries.
Therefore, while the official discourse speaks of innovation in “basements and bedrooms”, the legislative reality seems to build a system that centralizes control, favors large financial players and Turn the stablecoins into a foreign policy tool.
The “golden age” of digital assets seems to have arrived, but the big question in the air is: a golden age for whom? Or maybe that golden age has arrived with Bitcoin 16 years ago?
