US Representative Warren Davidson criticizes recent crypto legislation, warning that it is leading the US towards a permissioned and surveilled financial system. He argues that the legislation undermines the original promise of permissionless, private money and could lead to increased surveillance and control over citizens’ finances. Davidson advocates for a return to first principles and the original promise of Bitcoin as a peer-to-peer payment system.

Davidson has been a strong advocate for permissionless money, self-custody, and privacy in Congress since 2016. He has introduced legislation aimed at restricting state control over crypto, criminalizing CBDCs, and even attempting to fire then SEC chair Gary Gensler. Representative Marjorie Taylor Greene also rejects the GENIUS Act, warning against the dangers of Digital ID, CBDCs, and lack of self custody.

Both Davidson and Greene show more support for the CLARITY Act, which is expected to be marked up in early 2026. Davidson believes the CLARITY Act promises to address some of the shortcomings of the GENIUS Act by protecting self-custody and incorporating other House provisions. However, with the GENIUS Act already in effect, any changes brought by the CLARITY Act may only have a superficial impact on individual freedom.

Read more at Cointelegraph: US Crypto Laws Risk It Becoming a Globalist Surveillance State