US Lawmaker sounds alarm on GENIUS bill, says it’s a CBDC Trojan Horse
21.07.2025
3228
The line between a central bank digital currency and a centrally-managed, government-regulated stablecoin is thin, critics argue.
United States congresswoman Marjorie Taylor Greene dropped a bombshell, claiming the GENIUS stablecoin bill is a sneaky backdoor for the government to roll out a central bank digital currency (CBDC), disguised as private crypto. She’s not holding back, folks.
This bill regulates stablecoins and provides for the backdoor central bank digital currency. The Federal Reserve has been planning a CBDC for years, and this will open the door to move you to a cashless society and into digital currency that can be weaponized against you by an authoritarian government controlling your ability to buy and sell.
Greene’s fiery take? Regulated stablecoins are just CBDCs in sheep’s clothing, packed with 'functional surveillance capabilities.' And she’s not alone in this crypto conspiracy theory.
The crypto community is buzzing with alarm. Bitcoin advocate Justin Bechler calls it out: 'The Genius Act forces stablecoins into CBDC compliance and control; functionally identical to a CBDC, without the scary name.' Ouch.
Saifedean Ammous, the brain behind 'The Bitcoin Standard,' throws shade, saying the US dollar is already a digital leash. And Jean Rausis from Smardex drops truth bombs: control stablecoins, control the financial playground. Freeze, rollback, surveil—sounds like a CBDC to us.
The GENIUS bill’s March makeover included AML, sanctions compliance, and KYC demands—basically, a surveillance state’s dream. Curve Finance’s Dr. Michael Egorov warned us last October: centralized stablecoins are a regulatory capture waiting to happen.
Bottom line? The crypto world is on high alert, watching as the line between innovation and invasion blurs. Stay woke.
#CBDC#legislation#regulation#stablecoins#USA
Got a topic? Write to ATLA WIRE on Telegram:t.me/atla_community
