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On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. Home of Representatives, shared an article in regards to the Federal Reserve’s Fednow challenge and criticized the central financial institution’s digital foreign money efforts. The consultant from Georgia insisted that the U.S. ought to return to the “gold customary” and mentioned she’s taking a “laborious move” on digital foreign money cost techniques.
MTG Blasts U.S. Central Financial institution’s Fednow Digital Foreign money Program
Consultant Marjorie Taylor Greene (R-GA) is understood for her controversial statements and isn’t shy about expressing her opinions. The American politician and businesswoman has represented Georgia’s 14th congressional district since 2020. On April 5, she criticized the U.S. central financial institution’s Fednow challenge, stating that the U.S. ought to return to the gold customary somewhat than counting on digital foreign money cost techniques. “Exhausting move,” added the Congress member. Like different Republican politicians, Greene, or MTG, doesn’t appear to assist a central financial institution digital foreign money (CBDC).
Texas senator Ted Cruz and Florida governor Ron DeSantis have launched laws in opposition to CBDCs. The stance of MTG on permissionless cryptocurrencies akin to bitcoin (BTC) and ethereum (ETH) is “unclear,” based on Coinbase’s report on the Georgia consultant. Coinbase’s report, which covers Congressional leaders’ opinions on crypto belongings, states that there’s “not sufficient information to find out” Greene’s official stance. Nevertheless, the report does point out that MTG spoke out on Twitter in opposition to Canadian prime minister Justin Trudeau’s actions in opposition to a convoy of truckers.
“As Trudeau has gone full dictator in Canada and is stealing Canadians’ crypto wallets, Democrats and large banks are lining as much as take their reduce of #crypto and #blockchain,” tweeted Greene. “Joe ‘the large man’ Biden all the time will get his reduce. Defend crypto homeowners’ rights,” she added. The Georgian politician additionally appeared on the “America First with Sebastian Gorka” podcast in an episode titled “Your Bitcoin is in Hazard.” Throughout a press briefing in November 2022, MTG mentioned the alleged concept that donated crypto funds despatched to Ukraine have been transferred to Sam Bankman-Fried’s FTX.
Many individuals imagine {that a} CBDC could be a disastrous concept for the US. Economist Richard Werner not too long ago referred to as the July launch of Fednow “suspicious.” Former Republican congressman from Texas, Ron Paul, additionally criticized the Fednow cost system three years in the past, encouraging crypto competitors as a substitute. He said, “I’m all for cryptocurrencies and blockchain know-how as a result of I like competing currencies.” Senator Elizabeth Warren (D-MA), who has referred to herself as “anti-crypto,” not too long ago denounced competing currencies like bitcoin and referred to as for the U.S. to maneuver in direction of a CBDC.
What are your ideas on Marjorie Taylor Greene’s criticism of the Fednow challenge and her name to return to the gold customary? Do you agree together with her stance? Share your ideas about this topic within the feedback part beneath.
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