The relevant committee in the US Senate will meet on Wednesday. of El Salvador Bitcoin adopted the bill on the review of the adoption by the US government as a legal currency and presented it to the Senate.
“Cryptocurrency Accountability (ACES) Act in El Salvador” It was presented last February by Senators James Risch, Bob Menendez, and Bill Cassidy.
“I Didn’t Think The USA Would Be So Afraid of Us!”
El Salvador’s president, Nayib Bukele, who had previously reacted to this bill, shared on his Twitter account. “Even in my wildest dreams, I never thought the US Government would be so afraid of us.” said.
Implying that El Salvador’s domestic policies were not America’s business when the bill was first introduced in February. Bouquetrepeated these thoughts and continued to share:
“The US Government is NOT for freedom and that is a proven fact. That’s why we will defend freedom. Start Game! ‘Bitcoin is FU Money’! “
President of El Salvador Bukele He also did not neglect to include a sample of the draft law under his posts.
The US Government DOES NOT stand for freedom and that is a proven fact.
So we will stand for freedom.
Game on!#Bitcoin is FU money! https://t.co/1lwSM8s6OX
— Nayib Bukele (@nayibbukele) March 24, 2022
What is the ACES Law?
presented in FebruaryACES Law” Includes US remittances from El Salvador to follow.
James Risch, one of the senators who presented the bill, said in a statement after the bill passed the committee:
“It is important that we find out whether El Salvador’s adoption of Bitcoin as legal tender poses a risk to the US financial system and that we mitigate these potential risks.”
What’s the Latest Situation in Bitcoin Bonds?
Bukele, the country bitcoin backed bond announced that it would raise 1 billion dollars through issuance. However, Bitcoin bonds, which were scheduled to be released in March, were delayed.
Speaking on this subject, Bukele said:The short-term delay in issuing bonds is only because we need to prioritize pension reform and send it to Congress earlier.” said.
Bukele on Bitcoin bonds Binance CEO Changpeng Zhao He will have a meeting with him today.
*Not investment advice.