A New Tax Provision Supposedly Targeting Junk Lawsuits Actually Imperils Conservatives
Trial lawyers and the left deserve a good thrashing (policy-wise), but that isn’t what these bills do.Trial lawyers and the left deserve a good thrashing (policy-wise), but that isn’t what these bills do.BlackRock and friends may soon control your digital wallet
America is on the edge of a financial cliff, and Washington’s so-called “solution” is yet another clever ploy that could further centralize power and lead to a reduction in freedom.
The latest scheme is a bipartisan bill dubbed the Genius Act. The U.S. Senate passed the bill on Tuesday by a vote of 68-30. The bill now moves on to the House, where its prospects are less clear.
It’s time for the right to sound the alarm and reject the Genius Act — at least until it offers protections for individual liberty.
Supporters of the law claim it will modernize digital finance by issuing new regulations for stablecoins, shoring up assets currently used by millions of people worldwide.
But the legislation comes with serious threats to liberty as well. It could ultimately become a backdoor way to create a digital dollar, one that offers minimal privacy protections and is easily controlled by massive institutions unaccountable to voters.
What is the Genius Act?
Officially named the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” the Genius Act aims to bring order and credibility to the booming stablecoin market.
Stablecoins are cryptocurrencies tied to supposedly “stable” assets like the U.S. dollar. USD Coin and Tether — two of the most widely used — circulate more than $200 billion combined.
The bill creates a regulatory framework for stablecoin issuers, allowing them to operate under either state or federal supervision. Lawmakers believe this approach will boost credibility with consumers and financial institutions.
The legislation also forces issuers to disclose their reserve assets, submit to public audits, and comply with the Bank Secrecy Act. That law requires financial entities to implement know-your-customer protocols and anti-money-laundering measures — rules that many stablecoin issuers currently avoid.
Most importantly, the Genius Act would force issuers to back their coins with liquid assets, such as U.S. dollars and Treasury securities. For example, for every USD Coin distributed, the issuer would need to maintain $1 in reserves or Treasury bills of equivalent value, ensuring that users can always exchange their stablecoins for dollars.
The Genius Act has drawn broad bipartisan support on Capitol Hill. Lawmakers from both parties praise its regulatory ambitions. But behind the applause lie serious risks.
Programmable money vs. financial freedom
The bill lays the foundation for a programmable digital currency system — one that lacks basic protections for privacy and liberty.
By granting stablecoins federal recognition and placing them under strict oversight and reserve rules, the Genius Act effectively turns them into government-blessed digital dollars, even if the federal government doesn’t issue them directly.
That might sound like progress — if the bill actually protected consumers. But it doesn’t.
The legislation includes no safeguards to prevent stablecoin issuers from linking usage to social credit systems, such as ESG scores, or restricting legal but politically disfavored transactions. These programmable currencies could easily reflect the ideological preferences of their creators.
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Want to donate to a political cause that a stablecoin company opposes? Expect a digital roadblock. Want to buy red meat, a gas-powered car, or anything else that fails to meet an ESG benchmark? Your money might simply stop working.
That’s not science fiction. That’s the likely outcome if Congress fails to add robust consumer protections to the Genius Act.
A forced hand
No one needs to use stablecoins — at least not yet. The Genius Act doesn’t eliminate traditional dollars. For now, consumers still have alternatives. But that could change quickly.
Stablecoins regulated by the U.S. government offer clear advantages over traditional currency. They move instantly, cost little or nothing to send, and operate around the clock. Because they’re digital, they require no physical infrastructure to create or distribute.
In nearly every respect, government-regulated stablecoins outperform paper money. Once the U.S. government legitimizes them and guarantees their safety, adoption will surge.
As usage grows, demand for traditional dollars could shrink. The companies issuing stablecoins would gain enormous control over economic life. Financial institutions could even begin phasing out physical currency, leaving those who resist digital money with no practical alternative.
That’s why Congress must include strong protections for individual liberty in any bill that accelerates stablecoin adoption. Without those safeguards, Americans may one day wake up to find their economic freedom coded out of existence.
A boon for Treasurys
One of the primary reasons so many in Washington support the Genius Act is that it would increase demand for Treasury bills, which helps the federal government finance its massive debt.
The Genius Act would require stablecoin issuers to back their currencies with cash or U.S. Treasurys. Of the two options, Treasury bills often make more sense for the companies issuing stablecoins. Why? Because Treasury bills pay interest.
Washington is drowning in red ink. With over $36 trillion in national debt and counting, the government desperately needs someone to keep buying its IOUs. Stablecoins could offer a trillion-dollar solution. By 2028, the Treasury Department estimates that stablecoin issuers could hold up to $1 trillion in Treasurys, so long as legislation like the Genius Act becomes law.
The Genius Act isn’t primarily about innovation. It’s about bailing out a bankrupt government.
Who’s pulling the strings?
Even more troubling is who stands to benefit. Major players behind these stablecoins include BlackRock, Fidelity, and other financial giants with deep ties to the globalist ESG agenda and organizations like the World Economic Forum. These aren’t neutral actors. They are ideological enforcers with an appetite for control.
Are these the people we want managing the digital currency of the future?
Are these the institutions we trust to safeguard our freedoms?
It’s time for the right to sound the alarm and reject the Genius Act — at least until it offers protections for individual liberty. If we do not act now, we may soon find ourselves in a nation where every transaction is tracked, every purchase scrutinized, and every dollar you “own” is merely rented from a system that can revoke your access with the flick of a switch.
The Great Reset just got a North American enforcer in Ottawa
Mark Carney’s sudden rise to power in Canada didn’t come through a traditional political path — and that’s exactly what makes him so dangerous. He’s not a grassroots leader or a battle-tested public servant. He’s a seasoned progressive globalist, handpicked by the elites for a much bigger purpose: to serve as a North American enforcer for the Great Reset.
Now serving as Canada’s newly elected prime minister, Carney holds one of the most powerful political positions in the Western hemisphere. With deep roots in central banking and a long history of pushing radical climate and financial agendas, Carney sits atop one of America’s most influential allies, and his ascent couldn’t come at a more pivotal time for the future of Western freedom.
Mark Carney’s true allegiance lies with the globalist elite, not the people of Canada.
While critics might say his limited political experience is a weakness, the reality is quite the opposite. Unlike most career politicians, Carney has spent the past decade engineering massive shifts in global economic power. He’s been one of the Great Reset’s primary architects — and now, with control over one of the world’s most influential economies, he’s more dangerous than ever. Although Canada’s economy isn’t as large as many other global powers, its government holds influential seats in numerous institutions and international forums, such as the G7.
Carney’s unexpected political elevation isn’t just a development for Canadians. It’s a five-alarm warning for the United States — particularly for Donald Trump and the populist movement that threatens to upend the globalist order.
Master of ESG enforcement
Before entering politics, Carney ran two of the most powerful central banks in the world: the Bank of Canada and the Bank of England. He’s the only person ever to have led both. During his time at the Bank of England, he emerged as one of the loudest voices in the push for climate-based financial reforms, demanding that major banks and investment firms bake environmental social governance criteria and climate risk assessments into their decisions.
Carney also played a key role in launching and operating the Glasgow Financial Alliance for Net Zero — a coalition of financial giants in the banking, insurance, and investment industries dedicated to steering trillions in capital toward achieving the United Nations’ climate goals.
Under Carney’s leadership, the alliance didn’t just promote ESG; it attempted to weaponize private finance to crush the fossil-fuel industry and force ESG compliance across Western markets, including here in the United States. It wasn’t just about policy; it was about power — reordering the free world’s economy by manipulating the most powerful financial institutions on Earth.
A Great Reset foot soldier
Carney’s agenda doesn’t end with ESG. He’s also been a senior figure at the World Economic Forum — the think tank behind the radical Great Reset. That globalist initiative aims to redefine capitalism, prioritizing equity, sustainability, and “stakeholder governance” over prosperity, merit, and individual rights.
Carney has been parroting these goals for years, advocating for a model in which state and corporate power merge to manage society from the top down. It’s soft authoritarianism masked as enlightened progress.
Even more troubling for Americans, Carney has publicly pushed to dethrone the U.S. dollar as the world’s reserve currency. While heading the Bank of England, he proposed creating a new synthetic global digital currency — what he called a “synthetic hegemonic currency” — that would diminish the U.S. dollar’s supremacy.
If this plan were ever implemented, it would send the American economy into a tailspin. Our reserve currency status underpins global confidence in the dollar and helps keep inflation at bay. Strip that away, and not only would international faith in America plummet, but moreover, the trillions of dollars now parked abroad could flood back into our economy and trigger a devastating inflationary surge.
Carney is also an outspoken proponent of central bank digital currencies, a deeply concerning form of state-controlled digital money. Critics rightly warn that such tools could be used to monitor, restrict, or even shut down individual financial transactions based on government or central bank mandates.
Trouble up north
Carney’s influence doesn’t need to stop at Canada’s border. With his deep ties to international banking institutions, radical environmental policy, and Davos elites, he’s uniquely positioned to rally foreign governments and multinational corporations against Trump’s America First policies.
Whether by pressuring U.S. allies to adopt anti-fossil fuel ESG mandates, working to isolate America financially through global monetary schemes, or helping to revive international climate agreements that punish U.S. industry, Carney could lead a coordinated global resistance to Trump’s efforts to restore American energy dominance, economic independence, and national sovereignty. In short, he gives the globalist left a new general to wage economic warfare from just across our northern border.
Let’s be clear: Carney doesn’t hold office in the United States, but his influence reaches across our borders. His rise to power is a signal flare for every freedom-loving American. His victory represents a trial run for the kind of centrally controlled society that the World Economic Forum wants to export across North and South America.
Carney’s true allegiance lies with the globalist elite, not the people of Canada. His presence at the helm of one of America’s closest allies gives the internationalist movement a powerful foothold just beyond our northern border. As President Trump fights to restore American sovereignty, he’ll face not only the entrenched bureaucracy in Washington but also an increasingly hostile global order led by figures like Carney.
This is not just a Canadian political shift — it’s a move in a much broader campaign to re-establish progressivism across the Western world.
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On March 25, Arkansas became the first state in the 2025 legislative session to take a strong stand against the tyranny of environmental, social, and governance systems. By passing Act 406 — originally introduced as Senate Bill 409 — the state protected its agricultural industry from politically driven discrimination and debanking by financial institutions.
The law also offers a model for other states to follow.
When access to banking, credit, loans, and insurance depends on ideological alignment, free markets no longer exist — and neither does freedom.
State Rep. Randy Torres, the Republican who sponsored the bill, explained the law’s key provisions during a House floor speech on March 20. “It does four things,” he said. “It prevents discrimination against farmers; it limits environmental, social, and governance policies; it creates a public list of financial institutions that discriminate; and it allows farmers to report discrimination.”
Torres went on to say that the new law builds on Arkansas’ 2023 legislation, Act 411, which protects the state’s energy, fossil fuel, firearms, and ammunition industries from ESG-based discrimination. Under the law, discrimination includes refusing to trade goods or services or ending existing relationships based on an entity’s involvement in those industries. Act 406 expands that protection to include agricultural producers.
To enforce the law, Arkansas maintains a public list of financial institutions found to have engaged in prohibited discriminatory practices. If an institution appears on the list and fails to change its behavior, the state treasurer — as well as state and local governments — is legally required to divest all direct and indirect holdings with that institution.
These enforcement mechanisms go beyond symbolism. They impose real financial consequences on institutions that discriminate based on ESG criteria.
How ESG threatens agriculture
Adding agriculture to Act 406 is both necessary and long overdue. ESG frameworks often apply environmental metrics that label traditional farming as harmful. These metrics target greenhouse gas emissions, land use, water consumption, and chemical fertilizer use — classifying them as “too high” by ESG standards.
Farmers routinely rely on fertilizers, pesticides, and large quantities of water to grow crops. They also need significant land and inevitably emit carbon dioxide through standard agricultural operations. Yet ESG criteria can penalize these practices by restricting access to credit, capital, insurance, or even basic financial services.
The entities behind these standards include international organizations such as the United Nations and industry groups like the Glasgow Financial Alliance for Net Zero. These groups operate without accountability to American farmers — or to American voters at all.
Much like the disastrous ESG-driven agricultural crackdowns in Sri Lanka, the Netherlands, and elsewhere, American farmers now face mounting pressure to overhaul their operations to fit a radical environmental agenda.
Bureaucrats and financial elites are restricting the use of nitrogen-based fertilizers, pushing farmers to electrify equipment, and demanding that they scale back meat and dairy production — all to meet arbitrary emissions targets. These mandates are marketed as voluntary, but the consequences of noncompliance are very real. Farmers who refuse to play along risk losing access to critical financing.
A 2023 report by the Buckeye Institute lays out the economic wreckage such policies would cause. ESG reporting compliance would raise farm operating costs by 34%, triggering massive price hikes across the board: 79% for American cheese, 70% for beef, 47% for strawberries, and 39% for chicken. Nationwide, grocery bills could climb 15%.
Arkansas lawmakers didn’t wait for a full-blown crisis. Act 406 provides a firewall, protecting the state’s farmers from ESG-based financial retaliation. It ensures they can keep producing without having to bow to a globalist agenda that punishes agriculture and drives up food prices for everyone else.
The broader scope
The attack on farmers is just one piece of a broader ESG-driven assault on Americans who don’t conform to progressive orthodoxy. Across the country, banks and financial institutions have weaponized ESG scoring to deny or restrict services — not just to farmers, but to gun dealers, fossil fuel producers, religious groups, and anyone else whose values clash with the left’s ideological agenda.
Major banks have shut down checking accounts, canceled lines of credit, and withheld insurance from perfectly legal businesses — not because of criminal behavior, but because of their industry or beliefs. Victims are often left in the dark, cut off without warning or explanation, with no real path to appeal.
This isn’t conspiracy theory — it’s documented policy. A report from Sustainalytics, an ESG firm owned by Morningstar, spells it out:
Most major banks screen their lending portfolios against specific ESG risks … and many embrace positive or negative screening. … Negative screening and norm-based screening involve the exclusion or avoidance of transactions not aligned with environmental, social, and ethical standards.
The report states clearly that ESG exclusion criteria often target industries like weapons manufacturing, tobacco, and fossil fuels. These policies result in favorable treatment for companies that support left-wing causes, while conservative and religious organizations are systematically sidelined. This kind of selective enforcement distorts the market, giving political activists in the financial sector — many of whom take direction from unelected globalist regulators — the power to impose agendas never approved by voters or their elected leaders.
This isn’t just a conservative concern. Any business, movement, or political voice that deviates from the prevailing ESG orthodoxy could be next. The implications are dangerous. When access to banking, credit, loans, and insurance depends on ideological alignment, free markets no longer exist — and neither does freedom.
That’s why laws like Arkansas’ Act 406 aren’t just helpful, they’re essential.
A blueprint for other states
By enacting Act 406, Arkansas has established a clear and effective model for defending its agricultural industry from ESG-driven discrimination. Other states should follow suit and expand these protections to safeguard all industries and citizens from political interference in the financial system.
If left unchecked, ESG will continue punishing industries essential to America’s prosperity and national security. It will undermine representative government, distort free markets, and erode individual liberty. Arkansas has drawn a firm line. Now it’s time for other states to do the same.
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