US Representative Greene opposes the GENIUS bill and supports the CLARITY bill to protect cryptocurrency self-custody.
U.S. Representative Marjorie Taylor Greene recently publicly stated that she voted against the GENIUS Act, arguing that the bill hands over stablecoin regulatory authority to banks and federal agencies while opening a backdoor for central bank digital currencies (CBDCs). Instead, she supports the CLARITY Act, believing that the bill protects the self-custody rights of crypto assets and prevents third parties from freezing or seizing personal assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple Payments adds escrow, virtual accounts, and unified fiat and stablecoin payment channels
Katz: Stablecoins carry risks, regulatory frameworks can mitigate them
