Cryptocurrency
MARK IT: Donald Trump Signs GENIUS Act Into Law Taking The First Step Toward Ending The Dollar And Establishing Cryptocurrency As The New Standard
Before a crowd of crypto executives in the East Room of the White House, a jubilant Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law
President Donald Trump signed the GENIUS Act into law yesterday, creating the first-ever framework for the United States to begin dealing in cryptocurrency on the Federal level. His actions were greeted with thunderous applause by the crypto titans assembled in the East Room of the White House. It’s funny, though, when Joe Biden signed an Executive Order back in 2022 to simply look into the creation of a digital dollar, everyone screamed “Mark of the Beast!!” Is anyone saying that now about Trump? We are, even if you won’t, and that’s the memo.
“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17 (KJB)
Something else that wasn’t talked about yesterday when Trump signed the Genius Act was how much he personally has profited from crypto since becoming president the second time. According to Forbes, Trump has made over $1,000,000,000.00 in crypto and that number continues to grow. It’s bad when Biden did it, but it’s good when Trump does it, that seems to be the new end times logic going around. But to me, that type of thinking is more in line with the coming ‘strong delusion’ that anything else. Remember Habakkuk who says that you will see it, but not believe it, that’s where we are here on Day 1,951 of 15 Days To Flatten The Curve.
Trump Signs GENIUS Act Into Law, Elevating First Major Crypto Effort to Become Policy
FROM COINDESK: President Donald Trump fulfilled part of his vow to establish U.S. crypto regulations on Friday, signing legislation into law that formally established rules for stablecoin issuers — marking a first step that the digital assets industry hopes will end with the more important regulatory regime governing the wider crypto markets.
Before a crowd of crypto executives in the East Room of the White House, a jubilant Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which registered a massive 308-122 bipartisan vote in the House of Representatives on Thursday and an earlier 68-30 vote in the Senate — demonstrating a huge margin of support from Democrats. Trump walked into a packed East Room filled with applauding lawmakers and industry leaders, including Coinbase’s Brian Armstrong, Tether’s Paolo Ardoino, Circle’s Jeremy Allaire, Gemini’s Cameron and Tyler Winklevoss, Kraken’s Dave Ripley, Chainlink’s Sergey Nazarov and others.
“So congratulations, you’ve come a long way since the Biden administration, when they had no idea what you were all talking about, and half of you are under arrest,” he joked at the outset.
Trump called out various members of Congress by name, alongside members of his Cabinet, saying they were instrumental in moving the legislation, as well as various industry leaders attending the ceremony.
“Let me say, the entire crypto community, for years, you were mocked and dismissed and counted out,” he said. “You were counted out as little as a year and a half ago, but this signing is a massive validation.”
The GENIUS Act will now be forwarded to the federal financial and banking agencies that must implement its various provisions. That will include formalizing the definitions for what kind of firms make acceptable issuers of stablecoins, which is a field currently dominated by Tether’s USDT and Circle’s USDC, though Wall Street institutions have been jumping into the space at a rapid pace. Implementation of a law by federal regulators can be a drawn-out process, but GENIUS at least gives the industry a broad roadmap for how its U.S. interactions will look in the future. So pressure now shifts from lobbying to execution for stablecoin companies.
“The act sets a necessarily compliance baseline, but whether stablecoins can deliver their promise will depend on how effectively stablecoin issuers disclose reserves, implement operational safeguards, maintain robust governance practices and ensure structural alignment between issuers interests and consumer protection,” noted Rajeev Bamra, an associate managing director for digital economy at Moody’s Ratings, in a statement. “With broader adoption comes greater systemic responsibility of market participants.”
The industry has come a long way in Washington since its tumultuous 2022 in which several major businesses failed spectacularly, and crypto-supporting lawmakers were burned by the fall of global exchange FTX and its former CEO, Sam Bankman-Fried, who was a fixture in congressional meetings and the industry’s D.C. events. But aggressive lobbying and a major campaign-finance push from the industry’s Fairshake political action committee during last year’s congressional elections elevated the sector into the good graces of the White House and Congress.
Trump has declared himself the crypto president, and his administration has routinely called for a “golden age” for the industry to begin. Now that GENIUS is law, the focus shifts toward the bigger task of passing legislation that defines the proper oversight of different forms of cryptocurrency, trading platforms and projects and assigns federal agencies to new roles as watchdogs over these markets.
White House Crypto and AI Czar David Sacks took the podium briefly to praise Trump and the legislation, saying that while he’s used to the tech world moving quickly, the speed at which GENIUS became law “this was fast for us in Silicon Valley.”
“This GENIUS Act will unlock American dominance in the crypto industry by creating clear rules of the road,” he said. “It will update archaic payment rails with a revolutionary new payment system, and it will extend U.S. dollar dominance, like [Trump] said, globally by creating a digital dollar that people all over the world can use. And for every digital dollar in a crypto wallet, there’ll be a traditional dollar in a U.S. bank account, which will create trillions of dollars demand for U.S Treasuries.” READ MORE
How Does Genius Act Signing Impact Stablecoin Market?
Michael Faulkender, US Treasury Deputy Secretary, discusses President Trump signing the Genius Act into law and how big he thinks the stablecoin market will grow & how that will translate to treasury demand. Faulkender also talks about whether or not the stablecoin will create a financial stability risk and the difference between cutting interest rates in July or waiting to cut in September. Michael Faulkender speaks with Kailey Leinz and Tyler Kendall on the late edition of Bloomberg’s “Balance of Power.”
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Cryptocurrency
The U.S. Securities and Exchange Commission Approves First-Ever Spot Bitcoin Exchange-Traded Funds As Cryptocurrency Moves Mainstream
The U.S. Securities and Exchange Commission (SEC) has reportedly approved the first spot bitcoin exchange-traded funds (ETFs), signifying significant progress in the integration of cryptocurrency into mainstream financial markets.
You can debate over its final form factor, but one thing that is not up for debate is that the biblical Mark of the Beast we see in Revelation 13 is an implantable device that controls the buying and selling of goods and services on the global market. Simply put, the Mark is an human-implantable object that functions like a debit card, and you use it in exactly the same way. One main difference is that, without the Mark, you will not be allowed access to the global financial system. Bitcoin and crypto are part of the bridge between the end of the Church Age and the start of the time of Jacob’s trouble. The SEC just approved its first-ever spot bitcoin EFT, and Bob’s your uncle.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)
If you’ve been paying even scant attention, you have noticed the following things to be true by now. 1). the world is run on the internet, 2). the people of the world are intractably connected to their mobile devices, 3). those devices are powered by apps, and 4). just about everyone is already buying and selling digitally. A quick look in Webster’s 1828 dictionary tells you that the word crypt means “A subterranean cell or cave, especially under a church for the interment of persons; also, a subterranean chapel or oratory, and the grave of a martyr.” So cryptocurrency is connected to the grave of dead Tribulation saints who will refuse the Mark for obvious reasons, and be killed as martyrs.
SEC Approves First Spot Bitcoin ETFs, Signaling Major Shift in Crypto Regulation
FROM BREITBART NEWS: The Financial Times reports the Securities and Exchange Commission’s recent decision to approve spot bitcoin ETFs marks a significant change in the commission’s stance on cryptocurrency. The approval of eleven ETFs from a combination of established financial organizations and digital finance newcomers has cleared the path for a more regulated and accessible route for investing in bitcoin.
Jad Comair, CEO of Melanion Capital – the first company to launch a Bitcoin-themed ETF in the EU – highlighted the significance of this move, stating, “It’s a huge milestone; it’s recognition of bitcoin being a large-scale traditional investment. We’re opening the doors to Wall Street.”
For nearly a decade, the regulator has been resistant to approving such ETFs due to concerns around the susceptibility of cryptocurrencies to manipulation and fraud. However, last year, the crypto asset manager Grayscale successfully challenged the SEC’s rejection of an earlier spot bitcoin application, and a federal appeals court ruled in August that the decision was “arbitrary and capricious.”
This ruling put pressure on the SEC to reevaluate their stance, ultimately leading to their recent decision to approve spot bitcoin ETFs.
Cathie Wood of Ark Invest, emphasizing the goal of accessibility, mentioned, “We want to make sure that we provide access and make it as accessible as possible… We are not looking to maximize profits on this. We’ve got other actively managed products that will help us.”
In a new approach, these funds will use cash to create and redeem new shares, differing from the usual practice of in-kind transactions involving their underlying assets. With the launch of spot bitcoin ETFs, U.S. investors can now have direct exposure to bitcoin through a regulated product, mitigating risks associated with unregulated exchanges and the higher costs of bitcoin futures ETFs. This development is expected to add a new vitality to the most popular and liquid crypto token, with the U.S. joining other markets in offering investment in bitcoin. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
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Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Cryptocurrency
Joe Biden Executive Order 14067 Authorizing Creation Of Cybercurrency Known As ‘Project Cedar’ Seeks To Overthrow The US Dollar
On November 15, 2022, several of the world’s biggest banks agreed to a shocking new plan called ‘Project Cedar’ – one that could lead to a complete overthrow of the U.S. dollar as we know it.
Back in March of 2022, we told you about the Executive Order signed by pretend president Joe Biden, authorizing the beginning steps of the creation of a digital dollar, one many fear might replace the current US dollar. Here in 2023, those fears appear to be well-founded as ‘Project Cedar’ enters into phase two, and the handwriting appears to be on the wall for the dollar. What does all this have to do with the elites wanting to ban your gas stove? More than you might think.
“A feast is made for laughter, and wine maketh merry: but money answereth all things.” Ecclesiastes 10:19 (KJB)
Over the past few years, we have seen a frenzied rush to convert every into digital, to go electric on every level, and there is a spiritual reason behind that. When the Mark of the Beast is implemented, if you don’t have it, you will be locked out of the world commerce system which will be completely digital and electric. All it will take is a push of a button, and when that happens, you have nothing. This is why gas-powered anything has to be done away with, and that’s why you’re seeing seemingly strange and silly things happening now. The world is well underway to switching to the economy of the Antichrist, and ‘Project Cedar’ may just be the thing that puts us over the edge.
Project Cedar: Inside the Plot to Destroy the U.S. Dollar
FROM BRETBART NEWS: Sponsored by the New York Federal Reserve, participants in this plan include banking giants like Wells Fargo, Citigroup, HSBC, and Mastercard, just to name a few.
The pilot program – dubbed ‘Project Cedar’ – would convert regular U.S. dollars into a brand-new type of dollar, which could have massive implications for all American citizens. But ‘Project Cedar’ is just the second step in a complete overhaul of the U.S. banking system.
The first step was announced on March 9, 2022, when President Biden signed Executive Order 14067.
This Executive Order gave legal provisions for this new U.S. dollar and could give the U.S. government unprecedented control over your money and freedom.
In fact, it could even pave the way for things like:
- Legal government surveillance of all U.S. citizens
- Total control over your bank accounts and purchases
- And the ability to silence all dissenting voices for good
“I’ve been warning about this for months,” says renowned macroeconomist Jim Rickards. “Now with the launch of ‘Project Cedar’, the wheels are fully in motion – and I don’t believe anything can stop it.”
They’ve told us for years that the New World Order was coming, so why you surprised it’s here? pic.twitter.com/5jmNJtBb81
— Now The End Begins (@NowTheEndBegins) January 18, 2023
Mr. Rickards is one of the world’s foremost financial experts and has been a respected advisor to the CIA, the Pentagon, and multiple U.S. presidents. The way he sees it, this is the start of a sinister new plot against everyday Americans.
“We’re in for a major upheaval of the U.S. dollar,” he says.
“In fact, I predict the third Great Dollar Earthquake has already started…
“The first was Roosevelt confiscating private gold in 1934…
“The second was Nixon abandoning the gold standard in 1971…
“Now,” he says, “This plan could pave the way for ‘retiring’ the U.S. dollar – and replacing it with a disturbing new alternative.” READ MORE
‘Project Cedar’ Explained By The Creators
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Cryptocurrency
Global Banking Conglomerates To Join With Federal Reserve Bank of New York To Conduct A 12-Week Digital Dollar Pilot Program
The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.
Back in March, we told you how pretend president Joe Biden signed an Executive Order to set the table to create a United States Central Bank Digital Currency. Today comes the announcement that the New World Order is sending representatives from assorted global banking conglomerates to begin as 12-week pilot program at the Federal Reserve of New York. What does all this mean? It means we just got another giant step closer to the biblical Mark of the Beast which will control all financial transactions.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)
Is it just me, or is it another one of those ‘strange coincidences’ that at the very time one of the world’s largest crypto exchanges, FTX, has been mysteriously put out of business the announcement is made of the establishment of a pilot program to create a US digital currency? Sure is funny how that stuff works, isn’t it? They are calling it the CBDC, I am calling it MOTB, which is ultimately what it will end up being. And you can bet your digital ‘bottom dollar’ that’ll happen exactly as Revelation says it will.
New York Federal Reserve launches 12-week CBDC pilot program with major banks
FROM COINTELEGRAPH: In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an “interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger” on a regulated liability network. Banking giants including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo will be participating in the pilot by issuing tokens and settling transactions through simulated central bank reserves.
“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” said NYIC Director Per von Zelowitz.
The proof-of-concept project will test the “technical feasibility, legal viability, and business applicability” of distributed ledger technology, as well as simulate tokens and explore regulatory frameworks. The NY Fed said the project could “potentially be extended to multi-currency operations and regulated stablecoins.”
The launch of the NYIC pilot project followed the center releasing research on its wholesale central bank digital currency program on Nov. 4. The first phase of the CBDC trial, dubbed Project Cedar, tested foreign exchange spot trades to determine whether a blockchain solution could improve “speed, cost, and access to cross-border wholesale payments.”
Federal regulators in the United States have not reached any consensus on whether to launch a digital dollar in the country, but agencies and those in the private sector have been exploring the possibility. Following U.S. President Joe Biden issuing an executive order aimed at establishing a framework on digital assets, some lawmakers questioned what Congress’ role might be in passing legislation in support of a CBDC and how a digital dollar might curtail similar innovations from the private sector. READ MORE
Central Bank Digital Currency Is Coming!
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
- HOW TO DONATE: Click here to view our WayGiver Funding page
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END TIMES
CHRISLAM
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THE THIRD TEMPLE
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