The post Concerns Rise Over GENIUS Bill Potentially Aligning Bitcoin-Related Stablecoins With Central Bank Digital Currencies appeared on BitcoinEthereumNews.com.

The recent passage of the GENIUS stablecoin bill has sparked intense debate over the blurred lines between regulated stablecoins and central bank digital currencies (CBDCs), raising concerns about financial surveillance and government control. Critics argue that the bill effectively paves the way for a centrally-managed digital currency under the guise of private crypto tokens, potentially enabling unprecedented oversight and censorship of financial transactions. According to COINOTAG sources, prominent voices in the crypto community warn that this legislation could transform stablecoins into tools of state control, mirroring the characteristics of CBDCs. GENIUS stablecoin bill blurs lines between private crypto and CBDCs, raising concerns over financial surveillance and government control in digital currency regulation. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); GENIUS Stablecoin Bill: A Gateway to Centralized Digital Currency Control The GENIUS Act, recently signed into law, introduces stringent regulatory frameworks for stablecoins, including enhanced anti-money laundering (AML) protocols, sanctions compliance, and know-your-customer (KYC) mandates. While these measures aim to increase transparency and reduce illicit activities, they also embed functional surveillance capabilities within stablecoin operations. This regulatory environment effectively aligns stablecoins with the operational characteristics of central bank digital currencies (CBDCs), which are inherently centralized and government-controlled. United States Congresswoman Marjorie Taylor Greene has publicly criticized the legislation, describing it as a “backdoor” mechanism for the government to impose a CBDC-like system. She emphasizes that the bill facilitates a…

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Filed under: News - @ July 19, 2025 10:26 pm