📌 TOPINDIATOURS Eksklusif crypto: Why the GENIUS Act Could Unlock CBDC Surveillanc

For many, the passage of the GENIUS Act closed the doors on the creation of a Central Bank Digital Currency (CBDC). Stablecoins, though digital, were marketed as a private form of currency, in contrast to a government-issued digital dollar.

Aaron Day, a fellow at the Brownstone Institute and a staunch critic of the crypto industry, argued that the GENIUS Act facilitates increased government surveillance despite this ban.

Surveillance Concerns Under the GENIUS Act

The GENIUS Act explicitly prevents the Federal Reserve from issuing a CBDC directly to individuals or through a third party. Its goal was to block the creation of a government-issued digital dollar at all costs.

Its July 2025 passage tied in nicely with President Trump’s early campaign promises to oppose the creation of a CBDC, describing it as a form of tyranny. 

According to Day, stablecoins and CBDCs are essentially the same thing. The only difference is that the former is privately issued, whereas the latter is issued by a central bank. Yet, as long as the government is involved, the degree of surveillance remains the same.

“The issuance by the Federal Reserve is not actually the part of this that people are concerned about. The Federal Reserve is a private organization that is a collection of banks. Whether you end up having a stablecoin issued by Jamie Dimon at JP Morgan Chase or by the Federal Reserve doesn’t matter,” Day told BeInCrypto.

What privacy-preserving people are really concerned about, he argued, is a government entity being able to program, track, and censor money. 

This line of thinking has prompted him to define the GENIUS Act as a “backdoor CBDC.” Day highlighted the urgency of the issue, especially given the exponential growth in stablecoins.

“Last year, there was $33 trillion worth of stablecoin transactions. Globally, this is larger than the amount processed through Visa,” he said, adding, “What they’ve done essentially is they’ve taken stablecoins… and they put [them] under the surveillance and control of Congress.”

According to him, this level of surveillance already existed before the passage of the GENIUS Act. The recently signed bill only represents a new degree to an already established order.

Government Surveillance Tools Already In Place

Day noted that most of the dollar is already digital.

When asked for examples, he pointed to the Bank Secrecy Act (BSA). This legislation, passed in 1970, requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorism financing, and other illicit activities.

According to Day, the BSA allows government agencies to engage in overreach in certain contexts.

“We have something called suspicious activity reports. Anytime you do a financial transaction through your bank greater than $10,000, a report is automatically generated and sent to the Treasury Department. This shows you that we already have tracking within the system,” he said.

While these tools are often used for public protection, government agencies can implement them without specific authorization.

Day pointed to a specific example. In March 2025, the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, issued a geographic targeting order to combat money laundering activities in the southwest border of the United States. 

As part of that order, FinCEN mandated that money services businesses in 30 ZIP codes report transactions over $200.

“Understand what this means. The Treasury Department, without Congress, without a bill, without a law, can simply send a memo and banks will start adjusting the dollar transaction amount with which they start automatically reporting to Treasury,” he said.

In light of these examples, he argued that surveillance frameworks already exist. The GENIUS Act merely allows Congress to supervise stablecoins, potentially expanding control over digital currencies in ways that mirror those of a CBDC.

The post Why the GENIUS Act Could Unlock CBDC Surveillance Without Creating One appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 TOPINDIATOURS Eksklusif crypto: Bitcoin Price Prediction: Analyst Says $220,000

Bitcoin is now in an uneasy phase, and it’s driving bearish Bitcoin price predictions.

Price remains far below recent highs, and the biggest question across the market right now is where is the bottom?

According to crypto analyst Crypto Patel, Bitcoin could still see one last drop before the next major rally begins.

Looking at previous cycles, he says Bitcoin frequently drops 70% to 85% from its peak before building a durable bottom forms.

Based on that pattern, Patel believes Bitcoin could still revisit the $50,000 region before the market resets. The idea is not long-term weakness, but a deeper washout before the next expansion phase.

Bitcoin Price Prediction: $220,000 After the Reset?

Despite the bearish short-term outlook, Patel’s long-term view remains strongly bullish.

He argues that once the correction completes and accumulation returns, Bitcoin could eventually climb toward $220,000 in the next cycle.

Historically, deep bear markets have often laid the groundwork for the next explosive rally.

Right now, the chart is sitting at a critical decision point.

Bitcoin has pushed above the descending resistance trendline that had been compressing price for weeks and reclaimed the $72,000 zone. That level had capped multiple rallies, so breaking it is the first real sign that buyers are trying to regain control.

If the breakout holds, the next upside targets sit near $80,000, followed by $84,000 and potentially $90,000 if momentum expands.

However, the move still needs confirmation. If Bitcoin loses $72,000 and slips back below the breakout zone, the structure quickly turns fragile again. In that case, focus shifts back toward $64,000 support, with $60,000 acting as the next major floor.

A break below those levels would strengthen the “final flush” scenario analysts are warning about, potentially setting the stage for a deeper capitulation before the next long-term rally begins.

Bitcoin Hyper: Can This Layer-2 Bring Real Utility to BTC?

Bitcoin Hyper ($HYPER) is a new presale built with Solana tech that aims to make Bitcoin faster and cheaper to use, while still keeping its core security intact.

The idea is simple. Turn Bitcoin from something you just stare at on a chart into something you can actually use. Payments, staking, apps, and real on-chain activity.

And it is not just talk. The presale has already raised over $32 million, with $HYPER currently priced at $0.0136751 before the next increase.

Staking rewards are reaching up to 37%, which is definitely catching people’s attention.

If Bitcoin starts running, Bitcoin Hyper could ride that momentum. If Bitcoin keeps moving sideways, it still benefits from network activity. The whole model is built around usage, not just waiting for price to pump.

To buy HYPER before it lists on exchanges, simply visit the official Bitcoin Hyper website and connect a wallet (such as Best Wallet).

Visit the Official Bitcoin Hyper Website Here

The post Bitcoin Price Prediction: Analyst Says $220,000 BTC Is Coming — But Only After This Happens appeared first on Cryptonews.

🔗 Sumber: cryptonews.com