Congresswoman’s Wild Claims: CBDC Conspiracy or the New Normal?

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So, United States congresswoman Marjorie Taylor Greene, you know her, right? She’s out here claiming that the GENIUS stablecoin bill is basically a “backdoor” for the government. I mean, come on! Are we handing out keys to the treasury next? 🔑💰

According to her, these regulated stablecoins have “functional surveillance capabilities.” That’s just a fancy way of saying, “We’re watching you, buddy!” It’s like saying your mother-in-law’s cooking is “functional.” Sure, it’s functional, but why does it taste like regret? 😬

“This bill regulates stablecoins and provides for the backdoor central bank digital currency. The Federal Reserve has been planning a CBDC for years, and this will open the door to move you to a cashless society and into digital currency that can be weaponized against you by an authoritarian government controlling your ability to buy and sell.”

Wow! Talk about a dystopian plot twist! Picture this: next time you try to buy a sandwich, the government says, “Nope, you’re not worthy.” It’s like getting denied at a trendy nightclub. “Sorry, your balance is insufficient.” 🙄

Everyone in the Bitcoin and crypto communities is nodding along like they just heard their favorite song on the radio, concern all around. They’re all saying, “Hey, regulated stablecoins? Yeah, it’s basically CBDC—just with a little less bite.” It’s like trying to sell someone a diet soda and telling them it’s just as good as a full-fat Coke. Spoiler alert: it’s not! 🥤

Even More Voices Join the Chorus

Bitcoin advocate Justin Bechler was like, “The Genius Act forces stablecoins into CBDC compliance and control; functionally identical to a CBDC, without the scary name.” Oooh, didn’t see that plot twist coming! Who knew the ‘Genius Act’ could use a little more genius? 🤔

Then there’s Saifedean Ammous, tossing in his two cents: “The US dollar is basically a central bank digital currency already monitored by the state.” Well, great! A rousing endorsement for the currency we all have in our wallets! 💵

Jean Rausis, co-founder of some platform, basically said governments know if they get their hands on stablecoins, they control all the financial fun. Great, just what I needed to function in my daily life: Big Brother taking charge of my lunch budget. 🙃

In a shocking turn of events, someone realized that being able to freeze or rollback transactions—and, you know, snoop on you—is just a DEEP dive into CBDC territory. It’s like a child’s first plunge into the deep end of the pool: scary and uncertain! 🏊‍♂️

Oh, and did you hear the GENIUS bill got some extra anti-money-laundering perks? Fantastic! More rules to follow while I’m just trying to buy that artisanal avocado toast. 🥑

And in an October 2024 revelation, Dr. Michael Egorov was warning about centralized stablecoins facing the risk of government getting its sticky fingers in there. Just imagine the government seizing your funds while you’re in the middle of an epic online shopping spree. Talk about a mood killer! 🛍️

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2025-07-20 01:26