💥#StablecoinLaw The GENIUS Law: Control or Progress?
The GENIUS Law, which regulates stablecoins in the U.S., has generated controversy. While some see it as an essential step for crypto adoption, others, like Congresswoman Marjorie Taylor Greene, criticize it harshly.
Greene warns that it could be a "backdoor" for a central bank digital currency (CBDC), paving the way for a cashless society and unprecedented government control.
This debate highlights the tension between financial innovation and concerns about privacy and the centralization of power.