Image default
Bitcoin

El Salvador President Lashes Out at US Lawmakers Over Bill That Would Probe the Country’s Bitcoin (BTC) Adoption

US lawmakers are pushing a brand new invoice that might require the State and Treasury Departments to “examine and mitigate” the potential dangers attributable to El Salvador’s resolution to undertake Bitcoin (BTC) as authorized tender.

Senator Jim Risch, a Republican from Idaho, says in a brand new press release that the invoice would require the authorities to look at dangers involving the “potential empowerment of malign actors like China and organized criminal organizations.”

Risch co-sponsored the invoice, titled the “Accountability for Cryptocurrency in El Salvador Act,” with Senator Robert Menendez, a Democrat from New Jersey, and Senator Bill Cassidy, a Republican from Louisiana.

El Salvadoran President Nayib Bukele blasted the potential laws on Twitter.

“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!”

El Salvador first made Bitcoin authorized tender final September and has been periodically accumulating BTC in its treasury since then.

In response, 1000’s of individuals in the nation have taken to the streets to protest the BTC coverage and others adopted by President Bukele.

In November, El Salvador’s authorities introduced plans for a brand new futuristic “Bitcoin City” venture.

To fund the metropolis, the authorities plans to subject the BTC bonds, and it teamed up with Bitcoin improvement agency Blockstream to organize them for traders.

However, the rollout of these bonds is reportedly going through legislative delays.

Bukele introduced a collection of authorized reforms involving Bitcoin in late February, however native publication La Prensa Grafica reports that the nation’s Congress has but to obtain the legal guidelines vital to truly implement the bonds.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses you could incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in online marketing.

Featured Image: Shutterstock/Naeblys/Chuenmanuse

Related posts

US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break – Technology Bitcoin News

Crypto Advisor

Coinbase Has Its Lowest Balance of Bitcoin (BTC) Since Bull Market Top of 2017: Glassnode

Crypto Advisor

Bitcoin Rally to $44,000 Triggers $312,000,000 in Liquidations – Analyst Outlines What’s Next for BTC

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,176.67 0.79%
ethereum
Ethereum (ETH) $ 1,289.61 3.81%
tether
Tether (USDT) $ 1.00 0.40%
usd-coin
USD Coin (USDC) $ 1.00 0.47%
bnb
BNB (BNB) $ 268.53 0.56%
binance-usd
Binance USD (BUSD) $ 1.00 0.56%
cardano
Cardano (ADA) $ 0.452794 0.58%
xrp
XRP (XRP) $ 0.426117 5.01%
polkadot
Polkadot (DOT) $ 6.40 1.88%
solana
Solana (SOL) $ 32.14 1.79%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 2.83%
dogecoin
Dogecoin (DOGE) $ 0.05882 0.06%
staked-ether
Lido Staked Ether (STETH) $ 1,280.86 3.13%
matic-network
Polygon (MATIC) $ 0.752299 4.03%
tron
TRON (TRX) $ 0.059948 0.47%
dai
Dai (DAI) $ 1.00 0.46%
avalanche-2
Avalanche (AVAX) $ 17.45 4.39%
ethereum-classic
Ethereum Classic (ETC) $ 28.78 0.32%
leo-token
LEO Token (LEO) $ 4.72 0.75%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,167.38 0.86%
uniswap
Uniswap (UNI) $ 5.80 7.58%
litecoin
Litecoin (LTC) $ 53.43 2.76%
cosmos
Cosmos Hub (ATOM) $ 14.27 3.07%
okb
OKB (OKB) $ 14.90 0.01%
ftx-token
FTX (FTT) $ 23.27 0.39%
terra-luna
Terra Luna Classic (LUNC) $ 0.000284 1.06%
near
NEAR Protocol (NEAR) $ 3.86 1.66%
chainlink
Chainlink (LINK) $ 6.98 1.22%
crypto-com-chain
Cronos (CRO) $ 0.105623 2.01%
monero
Monero (XMR) $ 139.72 0.85%
stellar
Stellar (XLM) $ 0.11662 1.79%
bitcoin-cash
Bitcoin Cash (BCH) $ 115.56 2.55%
algorand
Algorand (ALGO) $ 0.357738 11.61%
flow
Flow (FLOW) $ 1.69 1.64%
vechain
VeChain (VET) $ 0.022678 1.31%
eos
EOS (EOS) $ 1.23 5.22%
internet-computer
Internet Computer (ICP) $ 6.09 4.22%
filecoin
Filecoin (FIL) $ 5.47 3.86%
chain-2
Chain (XCN) $ 0.066804 1.93%
frax
Frax (FRAX) $ 1.00 0.44%
hedera-hashgraph
Hedera (HBAR) $ 0.05936 2.63%
decentraland
Decentraland (MANA) $ 0.708858 1.22%
apecoin
ApeCoin (APE) $ 5.91 4.65%
the-sandbox
The Sandbox (SAND) $ 0.852881 1.59%
tezos
Tezos (XTZ) $ 1.49 3.07%
quant-network
Quant (QNT) $ 104.83 4.49%
axie-infinity
Axie Infinity (AXS) $ 12.21 0.34%
aave
Aave (AAVE) $ 75.56 0.95%
lido-dao
Lido DAO (LDO) $ 1.87 4.24%
elrond-erd-2
Elrond (EGLD) $ 47.34 0.35%
theta-token
Theta Network (THETA) $ 1.08 4.25%
true-usd
TrueUSD (TUSD) $ 1.00 0.38%
chiliz
Chiliz (CHZ) $ 0.247608 9.98%
bitcoin-sv
Bitcoin SV (BSV) $ 50.21 3.24%
compound-usd-coin
cUSDC (CUSDC) $ 0.022658 0.04%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.07%
kucoin-shares
KuCoin (KCS) $ 8.84 1.29%
bittorrent
BitTorrent (BTT) $ 0.00000078646772 0.31%
ecash
eCash (XEC) $ 0.000039 1.19%
the-graph
The Graph (GRT) $ 0.099366 2.81%
iota
IOTA (MIOTA) $ 0.261932 1.83%
zcash
Zcash (ZEC) $ 55.14 3.10%
huobi-btc
Huobi BTC (HBTC) $ 19,228.29 1.86%
usdd
USDD (USDD) $ 0.998873 0.16%
huobi-token
Huobi (HT) $ 4.52 0.70%
evmos
Evmos (EVMOS) $ 2.44 3.19%
havven
Synthetix Network (SNX) $ 2.39 2.02%
cdai
cDAI (CDAI) $ 0.022031 0.33%
maker
Maker (MKR) $ 628.60 3.54%
bitdao
BitDAO (BIT) $ 0.492109 0.51%
klay-token
Klaytn (KLAY) $ 0.20723 3.96%
neutrino
Neutrino USD (USDN) $ 0.955134 1.64%
fantom
Fantom (FTM) $ 0.231142 3.10%
compound-ether
cETH (CETH) $ 25.87 3.09%
neo
NEO (NEO) $ 8.42 1.68%
helium
Helium (HNT) $ 4.72 1.94%
gatechain-token
Gate (GT) $ 4.20 1.16%
defichain
DeFiChain (DFI) $ 0.822088 0.17%
radix
Radix (XRD) $ 0.058025 2.25%
celsius-degree-token
Celsius Network (CEL) $ 1.69 17.35%
pax-gold
PAX Gold (PAXG) $ 1,664.87 0.48%
pancakeswap-token
PancakeSwap (CAKE) $ 4.29 0.21%
thorchain
THORChain (RUNE) $ 1.62 0.98%
osmosis
Osmosis (OSMO) $ 1.23 0.08%
zilliqa
Zilliqa (ZIL) $ 0.032667 4.22%
enjincoin
Enjin Coin (ENJ) $ 0.475309 1.67%
nexo
NEXO (NEXO) $ 0.910452 3.89%
arweave
Arweave (AR) $ 10.00 6.29%