E-book Marjorie Taylor Greene has condemned the GENIUS Act as a backdoor mechanism for imposing a central financial institution digital forex.
She moreover voted against the legislation that passed each and each chambers of Congress.
The Georgia congresswoman warned that the stablecoin legislation bill opens the fling to “a cashless society and into digital forex that could perhaps well also even be weaponized against you by an authoritarian executive.”
Greene expressed distrust of executive administration over monetary programs and wondered whether or not Individuals could perhaps presumably soundless belief authorities “to never finish that to you.”
She characterised the legislation as allowing executive administration over residents’ ability to buy and promote through digital forex programs.
Three crypto bills form blended regulatory outcomes
Greene outlined her vote casting positions on three cryptocurrency bills regarded as by Congress.
Whereas opposing the GENIUS Act, she supported the Anti-CBDC Surveillance Protest Act, which prohibits Federal Reserve Banks from issuing Central Monetary institution Digital Currencies.
This week Congress passed crypto legislation.
The American of us rarely hang any opinion what it is, what it diagram, and what passed.
1. GENUIS ACT – I voted NO. It passed the Senate and the Dwelling and will be signed into legislation currently.
This bill regulates stablecoins and provides for…— Acquire. Marjorie Taylor Greene🇺🇸 (@RepMTG) July 18, 2025
“This bill prohibits Federal Reserve Banks from issuing a Central Monetary institution Digital Currency. It’s a upright bill and protects you money, but will die within the Senate,” Greene acknowledged. She significant that Senate management indicated insufficient votes to stir the CBDC prohibition.
Greene moreover supported the Clarity Act for its self-custody protections, though she warned about doable Senate adjustments.
“I will vote NO when it comes assist if self custody protections are taken out,” Greene declared.
The congresswoman linked present digital forex trends to the 1971 decision to abandon the gold fashioned, which she called “ridiculous” and blamed for weakening the buck.
Greene warned about transitioning from bodily cash that could perhaps well also even be “held in your hand, veil from the executive, and keep for yourself and your family” to digital programs.
Critics ask Trump administration priorities
Gentle Protest E-book Tim Cahill agreed with Greene’s concerns. He talked about that such policies could perhaps presumably be implemented beneath President Trump despite old opposition rhetoric.
Cahill cited E-ZPass toll programs as an instance of how the adoption of cashless payments leads to increased surveillance and bills.
“He’s more interested by making any deal that you would be in a position to imagine then genuinely making the ideal deal,” Cahill wrote [sic].
