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US Congresswoman Warns of GENIUS Act as CBDC Trojan Horse
Summary: According to Cointelegraph, US Congresswoman Marjorie Taylor Greene has warned that the 'GENIUS Stablecoin Act' is a 'Trojan horse' for the government to introduce Central Bank Digital Currency (CBDC) under the guise of privately issued crypto tokens. She pointed out that regulated stablecoins have 'functional surveillance capabilities' and are essentially no different from CBDCs. Greene ...
According to Cointelegraph, US Congresswoman Marjorie Taylor Greene has warned that the 'GENIUS Stablecoin Act' is a 'Trojan horse' for the government to introduce Central Bank Digital Currency (CBDC) under the guise of privately issued crypto tokens. She pointed out that regulated stablecoins have 'functional surveillance capabilities' and are essentially no different from CBDCs. Greene further stated on social media, 'This act paves the way for CBDC by regulating stablecoins. The Federal Reserve has been planning CBDC for years, and this is a key step towards a cashless society. It could evolve into a digital currency system controlled by an authoritarian government, determining whether you have the right to buy or sell goods.' Her remarks align with growing concerns in the crypto community that regulated stablecoins may just be a precursor to state-controlled digital assets.
