CoinVoice has learned that, according to Cointelegraph, U.S. Congresswoman Marjorie Taylor Greene stated that the (GENIUS Stablecoin Act) opens a 'backdoor' for the government to promote central bank digital currency (CBDC), disguised as privately issued crypto tokens. She pointed out that regulated stablecoins possess 'functional monitoring capabilities' and are essentially no different from CBDC.
Green further stated on social media: "The bill 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 authoritarian governments, deciding whether you have the right to buy and sell goods."
Her remarks align with the increasingly strong concerns of the crypto community—more and more people are wary that regulated stablecoins may just be a prelude to state control over digital assets. [Original link]