US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment

2 years ago

The afloat U.S. Senate volition ballot connected a measure looking to mitigate risks to the U.S. fiscal strategy from El Salvador's adoption of bitcoin arsenic ineligible tender, aft the measure was passed retired of committee connected Wednesday.

“As El Salvador has adopted Bitcoin arsenic ineligible tender, it’s important we recognize and mitigate imaginable risks to the U.S. fiscal system,” Risch said successful a connection connected Wednesday, adding that the authorities would necessitate the State and Treasury Departments, among different national agencias, to mitigate risks specified arsenic imaginable empowerment of China and organized transgression organizations.

The measure would besides inquire the U.S. to show remittances from El Salvador.

El Salvador’s President, Nayib Bukele, expressed discontent aft the measure received a committee passage.

“Never successful my wildest dreams would I person thought that the US Government would beryllium acrophobic of what we are doing here,” he tweeted connected Wednesday afternoon.

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Andrés Engler is simply a CoinDesk concern newsman based successful Argentina, wherever helium covers the Latin American crypto ecosystem. He holds nary crypto.


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