El Salvador President nayibbukele fires back as U.S. Senators take aim at his country's bitcoin adoption. SteveAlpher reports.
Nayib Bukele Attends Legislative Assembly
Senators Jim Risch, Bob Menendez, and Bill Cassidy's Accountability for Cryptocurrency in El Salvador Act would require a State Department report on mitigating risks to the U.S. financial system from El Salvador's adoption of Bitcoin as legal tender. "El Salvador recognizing Bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests," said Bill Cassidy ."If the United States wishes to combat money laundering and preserve the role of the dollar as a reserve currency of the world, we must tackle this issue head on."to report on a laundry list of subjects with respect to El Salvador and Bitcoin, including the flow of remittances from the U.S.
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