The House passed a landmark piece of legislation to regulate cryptocurrency on Thursday — the GENIUS Act is reportedly the first major crypto bill ever passed by Congress.
The legislation passed in a bipartisan vote, with 206 Republicans and 102 Democrats supporting it. U.S. Rep. Marjorie Taylor Greene (R-Ga.) was NOT one of the Republicans voting for the bill, and she appeared on Steve Bannon’s War Room podcast to denounce the effort.
Bannon said he was “very confused about the Genius Act,” asking MTG where things stood after saying, “I thought there was a deal made by the president to make sure that included was going to be the central bank digital currency. There’d be no possibility of a, uh, of a back door to get that.”
“In 1971, we went off of the gold standard,” Greene replied. “The Federal Reserve did that, and we went to cash, a cash society, and the value of the dollar has drastically gone down.”
“The buying power is less than 10 cents now from where it was in the 1950s before we went off the Gold Reserve,” she continued. “That’s happening today on July 17th in 2025, when no one is paying attention—no one’s talking about it.”
CONGRESS PUSHING CASHLESS SOCIETY & END OF FINANCIAL FREEDOM
In 1971, we left the gold standard. Today, the groundwork is being laid for a cashless society controlled by digital currency.
You won’t control your money. The government will.
This would end freedom altogether. pic.twitter.com/7cSb8xXGwO
— Rep. Marjorie Taylor Greene (@RepMTG) July 17, 2025
“Everyone is in blind rage about the Epstein files, and I don’t blame them,” Greene explained. “However, right now, what is being voted on today in Congress is the entire setup, groundwork, and entire infrastructure being laid to move from cash to digital currency. And the number one thing that is not happening today is a ban on a central bank digital currency.”
“This means the ability for the government to take control of your digital bank account, where all your money is, and turn it off. And this is why I’m so upset, and it’s not being talked about,” she continued, telling Bannon she was the “only no vote on the rule last night.”
“And Congress set a record last night, and no one’s talking about that either. This was the longest vote held open for a rule in history — in history,” Greene said. “And it finally shut down sometime around midnight because there was a deal made, and the deal will not be honored. It was a deal that Speaker Johnson made, and he said that he would put a ban on central bank digital currency in the NDAA.”
The GOP lawmaker insisted that the deal is “going to get stripped out in the Senate because what they told us all week long is the Senate does not have the votes to pass a ban on a central bank digital currency.”
Falling back on the Covid-19 insanity, Greene sounded a warning over allowing government control over YOUR money via digital currency — think Canada.
“You never thought in your lifetime that the government would shut you down, would close your churches, would close your schools, would close your business. And that happened only a few years ago,” she said. “But what is happening today is the groundwork is being laid, and it’s all in the name of cryptocurrency and stablecoin, but it is the entire regulatory process to switch us from cash to a cashless society to digital currency that can be controlled by the government.”
“And there will be no ban on a central bank digital currency,” Greene insisted. “There will be no way to protect your ability to fully control your digital currency in the future. And I’m voting no to this today. I don’t know if there will be any other no votes on the Republican side, but I’m voting no to this because I’m a Christian and I’ve read the Bible, and I believe what Revelation 13:16 through 17 says. And I just cannot vote for a future system that will do that.”
As for the reference to the Bible, Greene was referring to the World Economic Forum declaring that everyone must be implanted with a CBDC (central bank digital currencies) microchip to participate in society.
She shared her thoughts on that in a post on X:
I am NOT voting for the mark of the beast system.
Totally happy and content being 1000% NO. https://t.co/uHPnjEQcDD
— Rep. Marjorie Taylor Greene (@RepMTG) July 16, 2025
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The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
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