Rep. Marjorie Taylor Greene has claimed that the GENIUS Act contains a loophole that could allow government control over money via central bank digital currencies (CBDCs). However, attorney Braden Perry disputes this, stating the Act regulates private stablecoins separately from CBDCs. Greene, who voted against the bill in July 2025, argues it opens a back door to CBDCs and criticizes House Speaker Mike Johnson for unfulfilled promises. Perry clarifies that the GENIUS Act treats stablecoins distinctly from CBDCs, not classifying them as securities or central bank money. Despite Greene's opposition, the bill passed the House with strong Republican support, underscoring internal GOP divisions on crypto regulation. Meanwhile, the Anti-CBDC Surveillance State Act, which aims to prevent the Federal Reserve from issuing a CBDC, is still pending in the Senate.
Rep. Greene Alleges CBDC Loophole in GENIUS Act, Experts Disagree
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