Last week the House passed the GENIUS Act, which will boost the growth of stablecoins, thereby paving the way for future scams and financial crises. On Thursday the House also passed a bill that would bar the Federal Reserve from creating a central bank digital currency (CBDC), or even studying the idea.Why are Republicans so terrified by the idea of a CBDC that they’re literally ordering the Fed to stop even thinking about it?In 2022 the Fed issued a preliminary report on the possibility of cre...