U.S. Rep. Warren Davidson warns that the U.S. is headed toward a permissioned and heavily policed ​​economic system, arguing that recent crypto laws undermines the industry's original promise of permissionless, private money.
In a post on
He also fears the introduction of a digital ID system that may force Americans to hunt government permission to make use of their very own money.
“Don’t be fooled,” Davidson said.
“We must reject this globalist surveillance state and return to basic principles,” he added, reminding his 86,600
Source: Warren Davidson
Davidson has been one among the strongest advocates of permissionless money, self-custody and privacy in Congress since representing Ohio in 2016. He has introduced various bills geared toward limiting government control over cryptocurrencies, criminalizing CBDCs, and even one geared toward firing then-Securities and Exchange Commission Chairman Gary Gensler.
Davidson is just not alone on this fight
Rep. Marjorie Taylor Greene said she voted no on the GENIUS Act, arguing that it hands power to banks while opening a “backdoor” for a CBDC.
“The real danger lies in digital ID, CBDC and the shortage of self-custody,” Greene said, echoing Davidson’s comments.
CLARITY Act is more promising, but its impact could also be limited
Both Davidson and Greene gave the impression to be more supportive of the CLARITY Act, which is awaiting passage within the Senate and is anticipated to be passed in early 2026.
“CLARITY guarantees to deal with a few of the deficiencies of GENIUS by protecting child custody and incorporating other House provisions,” Davidson said.
But with the enactment of the GENIUS Act, any changes to individual freedom resulting from the CLARITY Act are largely cosmetic, Davidson said.
“The way forward for money will determine the long run. Without massive divine intervention, that future looks permitted, policed ​​and degraded.”
