US Lawmaker Condemns GENIUS Act as Path to Government-Controlled Digital Currency
Representative Marjorie Taylor Greene has vehemently opposed the GENIUS Act, labeling it a covert mechanism for introducing a central bank digital currency (CBDC). The Georgia congresswoman voted against the legislation, which has now passed both chambers of Congress. Greene warns the bill paves the way for a cashless society, where digital currencies could be weaponized by an authoritarian government.
Greene's distrust of centralized monetary control was further highlighted by her support for the Anti-CBDC Surveillance State Act, which bars Federal Reserve Banks from issuing CBDCs. The legislative moves come amid a broader debate over the role of government in cryptocurrency regulation and the potential risks of centralized digital currencies.
