🚨 CBDC Through the Backdoor? The Debate Over the GENIUS Bill 🧠💰
U.S. Congresswoman Marjorie Taylor Greene is sounding the alarm 🚨 over the GENIUS Stablecoin Bill, warning that it could be a hidden pathway for a Central Bank Digital Currency (CBDC) to sneak in under the disguise of “private” crypto tokens.
She believes the bill, while framed as regulation for stablecoins, gives the Federal Reserve the tools it needs to roll out a government-controlled digital dollar — something it’s been preparing for behind the scenes for years. Greene fears this could lead to a cashless society where citizens are tracked, monitored, and possibly silenced financially. 😶💳
💬 Bitcoin advocate Justin Bechler echoed these concerns, saying the GENIUS Bill forces stablecoins into compliance with CBDC frameworks — stripping them of decentralization, all while avoiding the scary "CBDC" label.
📚 Saifedean Ammous, author of The Bitcoin Standard, added a harsh truth: “The U.S. dollar in any form is already a digital, surveilled tool of the state.”
🧠 Meanwhile, Jean Rausis of Smardex pointed out that if the government ends up controlling stablecoins, it might as well control every single financial transaction — removing freedom from the financial system. 🚫📉
As the crypto world watches closely, one thing is clear: Not all regulation is as “GENIUS” as it sounds. ⚖️🤔
