Looks like a CBDC being set up, more fed control. I thought we were going to hang the bankers and return their ill gotten gains back to the people????
On Wednesday, Treasury Secretary Scott Bessent announced that the Office of the Comptroller of the Currency (OCC) had issued a final rule for GENIUS Act stablecoin rules.
“The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age,” Bessent announced on X.
“The OCC’s final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.”
Bessent is also correct to compare The GENIUS Act to what Lincoln passed and signed so long ago.
Before 1863, the U.S. had no national banking system at the federal level, and banks simply issued banknotes that were easily manipulated.
https://www.thegatewaypundit.com/2026/10/treasury-secretary-scott-bessent-announces-final-rule-trumps/