A firestorm is brewing in Washington over digital dollar legislation. Greene, the Georgia representative, just dropped a bombshell about why she rejected the GENIUS Act back in July. Her concern? A hidden pathway to central bank digital currency tucked inside the bill.
The congresswoman isn't mincing words. She claims the Act contained what amounts to a CBDC trojan horse – language that could potentially authorize a government-controlled digital dollar through the back door. That's a non-starter for lawmakers skeptical of centralized monetary control.
Here's where it gets interesting. Speaker Johnson apparently cut a deal to win over conservative votes. The promise: embed Tom Emmer's anti-CBDC provisions directly into the National Defense Authorization Act. Emmer has been leading the charge against programmable currency that could enable surveillance or spending restrictions.
This legislative chess match reveals deep splits over America's digital currency future. Will Johnson deliver on his commitment? The NDAA debate could determine whether safeguards against CBDC make it into law.
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HodlOrRegret
· 14h ago
Another round of the "backdoor CBDC" story? These lawmakers really know how to play psychological games...
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MemeEchoer
· 20h ago
Wow, this CBDC is really a scam coin, stabbing from behind
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OnchainDetective
· 12-09 16:59
Hey, I’ve said this before... On the surface, they talk about opposing CBDCs, but in reality, it’s just a diversion. Based on how these proposals are being tracked, Johnson’s “promise” looks more like a smokescreen. How many provisions actually make it into the final NDAA depends on where the money goes. It’s an obvious power game.
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SocialFiQueen
· 12-09 16:57
Same old story, politicians are just playing word games here... We’re already tired of seeing CBDCs hidden in bills like this.
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PhantomMiner
· 12-09 16:56
CBDCs are really the devil; their underhanded tactics are truly something else.
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LiquidationWatcher
· 12-09 16:47
Another round of covert battles over central bank digital currencies... These people are really guarding against it tightly, afraid the government might secretly install a backdoor.
A firestorm is brewing in Washington over digital dollar legislation. Greene, the Georgia representative, just dropped a bombshell about why she rejected the GENIUS Act back in July. Her concern? A hidden pathway to central bank digital currency tucked inside the bill.
The congresswoman isn't mincing words. She claims the Act contained what amounts to a CBDC trojan horse – language that could potentially authorize a government-controlled digital dollar through the back door. That's a non-starter for lawmakers skeptical of centralized monetary control.
Here's where it gets interesting. Speaker Johnson apparently cut a deal to win over conservative votes. The promise: embed Tom Emmer's anti-CBDC provisions directly into the National Defense Authorization Act. Emmer has been leading the charge against programmable currency that could enable surveillance or spending restrictions.
This legislative chess match reveals deep splits over America's digital currency future. Will Johnson deliver on his commitment? The NDAA debate could determine whether safeguards against CBDC make it into law.