Aug 20, 2025
The U.S. Treasury is considering requiring digital identity checks within decentralized finance (DeFi) smart contracts, a move that could redefine privacy and anonymity across blockchain ecosystems. This effort stems from the recently passed GENIUS Act, which created a federal framework for stablecoins tied to the U.S. dollar while also mandating compliance with Know Your Customer (KYC) and anti-money laundering regulations. Under the law, stablecoin issuers are treated as financial institutions, obligated to identify users, monitor transactions, and report activity to federal authorities. Treasury officials are now seeking public input on whether identity verification should be coded directly into DeFi protocols, with options ranging from government IDs to biometric data and portable digital identity credentials.
While billed as pro-innovation, the GENIUS Act has raised serious concerns about surveillance. If implemented, digital identity checks would tie blockchain wallets to real-world individuals, allowing all past and future transactions to be tracked with unprecedented detail. Privacy advocates warn that this could transform public blockchains into systems of total traceability, where financial freedom is replaced by constant oversight. The Treasury’s public consultation runs until October 17, after which Congress may receive recommendations that could fundamentally reshape digital asset markets.
This development echoes prophetic warnings about a coming system of total economic control. Revelation 13 describes a future where no one can buy or sell without the “mark of the beast,” tying commerce directly to personal identification and allegiance. While today’s policies may be framed as safeguards against crime, they set the stage for a global financial system where surveillance replaces freedom and access to basic transactions can be restricted. For believers, this is a reminder to remain discerning and steadfast, recognizing that the infrastructure of the Beast system is being quietly laid before our eyes.
Stay Awake. Keep Watch.
SOURCE: Reclaim the Net