US Senators reintroduce bill to investigate risks of El Salvador's adoption of Bitcoin as legal currency
05/12 22:25
Two U.S. Senators, James Risch and Bob Menendez, have reintroduced legislation aimed at addressing perceived risks associated with El Salvador's adoption of Bitcoin as a legal currency. The legislation, which was first introduced in February 2022, requires reports on the adoption of cryptocurrency as legal tender in El Salvador. If passed, federal agencies in the United States would be required to report on El Salvador's capabilities in cybersecurity and financial stability, and how these may have led to the passage of the country's Bitcoin Law. El Salvador's President Nayib Bukele has previously criticized the bill, claiming that the U.S. government is attempting to interfere with a sovereign and independent nation.
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