El Salvador Roasted at The US Over Anti-Bitcoin Adoption Policy, Game On!
Despite the recent US bill restricting the use of Bitcoin in El Salvador, President Nayib Bukele has stated that the Central American country will not back down in its pursuit of financial freedom and the use of decentralized digital assets. President Bukele took to Twitter to express his thoughts on America’s attempt to influence a sovereign nation’s internal policies.
Earlier in January 2022, El Salvador officials announced plans to create a Bitcoin City powered by energy generated by the inactive Conchagua Volcano. President Bukele also revealed plans to issue a Bitcoin bond in order to boost the country’s economy.
A little more than a month later, Senators from both parties introduced the Accountability for Cryptocurrency in El Salvador (ACES) bill in the United States Congress. Details from proposed policy laws apparently aimed at protecting the US economy from the effects of Bitcoin adoption in El Salvador.
ACES had an initial hearing on Wednesday as of the time of writing this article. Although the bill has not yet been approved by the US Senate, growing public support suggests that Congress may pass the act into law. El Salvador’s top official has stated that any decisions made by the US government have no impact on policies implemented within the country. Bukele stated today on Twitter:
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El Salvador Roasted at The US Over Anti-Bitcoin Adoption Policy, Game On!
Despite the recent US bill restricting the use of Bitcoin in El Salvador, President Nayib Bukele has stated that the Central American country will not back down in its pursuit of financial freedom and the use of decentralized digital assets. President Bukele took to Twitter to express his thoughts on America’s attempt to influence a sovereign nation’s internal policies.
Earlier in January 2022, El Salvador officials announced plans to create a Bitcoin City powered by energy generated by the inactive Conchagua Volcano. President Bukele also revealed plans to issue a Bitcoin bond in order to boost the country’s economy.
A little more than a month later, Senators from both parties introduced the Accountability for Cryptocurrency in El Salvador (ACES) bill in the United States Congress. Details from proposed policy laws apparently aimed at protecting the US economy from the effects of Bitcoin adoption in El Salvador.
ACES had an initial hearing on Wednesday as of the time of writing this article. Although the bill has not yet been approved by the US Senate, growing public support suggests that Congress may pass the act into law. El Salvador’s top official has stated that any decisions made by the US government have no impact on policies implemented within the country. Bukele stated today on Twitter:
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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