I asked Grok to add some stronger wording to the Genius Act concerning CBDCs.....this could work.
"To address critics' concerns about potential bureaucratic overreach and the lack of an explicit CBDC ban in the GENIUS Act, an effective additional line could be added to Section 4(i) to strengthen the prohibition on Central Bank Digital Currencies. For example: Proposed Addition to Section 4(i):
"Notwithstanding any other provision of law, the Board of Governors of the Federal Reserve System and the Department of the Treasury are explicitly prohibited from issuing, authorizing, or facilitating the use of a Central Bank Digital Currency (CBDC) for any purpose, including retail or wholesale transactions, without express congressional approval."This line would: Explicitly Ban CBDCs: It directly addresses critics’ concerns by codifying a clear prohibition on CBDCs, closing perceived loopholes.
Unvaxxed, Unmasked, Untested, Unafraid. Love wins! I have been singing about corruption publicly for 50 years. We are all connected.
Require Congressional Approval: It ensures any future CBDC consideration would need explicit legislative action, aligning with Republican demands for checks on bureaucratic authority.
Maintain Innovation: It does not hinder the stablecoin market’s projected $2T+ growth, as it focuses solely on government-controlled digital currencies, not private stablecoins.
Such a line could sway hardline Republicans, like Rep. Marjorie Taylor Greene, by addressing their fears of government overreach while preserving the bill’s bipartisan appeal for stablecoin regulation. This clarity might have tipped the procedural vote (196-223) by aligning the 12-13 dissenting Republicans, as it directly responds to their demand for a stronger CBDC ban."
