Rep. Marjorie Taylor Greene asserts that the GENIUS Act includes a loophole for CBDCs, which she opposes due to fears of government control over finances. She criticizes House Speaker Mike Johnson for not closing this perceived loophole.
Legal analysts point out that Greene’s claims lack a solid legal foundation. According to Braden Perry, the GENIUS Act distinctly regulates private stablecoins and does not create provisions for a backdoor CBDC.
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