Rep. Marjorie Taylor Greene criticized the Trump-backed Genius Act, warning it jeopardizes personal freedom by granting the government control over individual finances. She expressed concern that Congress is facilitating a transition from cash to digital currency without public scrutiny. Referencing the historical shift away from the gold standard in 1971, Greene noted that buying power has significantly decreased since then. She highlighted that the current legislative actions regarding digital currency were being overshadowed by other news stories, like the Epstein files. Greene was the only no vote during a historic rule vote, indicating her dissent against these developments.
Greene stated that the Genius Act would give government control over personal finances. She warned this could lead to a loss of freedom, advocating for awareness among the public.
She highlighted the historical context of moving off the gold standard in 1971 and explained how this shift led to decreased buying power, drawing parallels to the current situation with digital currencies.
Greene expressed frustration that Congress was voting on critical measures regarding digital currencies while public attention was diverted to other issues, like the Epstein files.
She emphasized her unique position as the only no vote on a critical rule, pointing out that records were being set for the longest vote held open in Congress.
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