El Salvador’s President Reacts to US Senate Bill: Let the Game Begin

The US Senate will vote on a bill that seeks to mitigate risks from El Salvador’s adoption of Bitcoin (BTC) as legal tender.

of El Salvador bitcoinaccepting it as a legal tender aimed at reducing potential risks to the US financial system. design, March 23 passed a committee in the Senate. Designin the following period US Senatein to the general vote will be presented.

The bill, called “cryptocurrency liability in El Salvador”, senators James Risch, Bob Menendez and Bill Cassidy by on February 16 had been introduced.

The USA Aims to Mitigate the Risks That May Originate from El Salvador with the New Draft Bill

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Wednesday In a statement on the day, “It is important that we understand and mitigate whether El Salvador’s adoption of Bitcoin as legal tender poses potential risks to the US financial system.” which includes the risk In addition, the legislation state and treasure with its departments other federal agencies He stressed that it will require the support of China and that it is important to reduce the risks such as the potential strengthening of organized crime organizations.

The bill also El Salvador‘from USAcoming to your transfers He will want to be watched.

President of El Salvador Nayib BukeleAfter the bill passed the committee, he shared a sample of the bill on Twitter and expressed his displeasure about the issue.

I never dreamed that the United States would be afraid of what we are doing here.Bukele said;

The US Government is not for freedom and this is a proven fact. That’s why we will defend freedom. Let the game begin!

El Salvadorpast September per month bitcoinIt was accepted as a legal tender. Bouquet Moreover November in the month of the country Bitcoin-backed $1 billion bond issue announced, but at the latest March 20 In bonds expected to be issued on international conditions due to delay.

President of El Salvador BouquetCEO of Binance, the world’s largest cryptocurrency exchange Changpeng Zhao (CZ) He is expected to meet with

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