US House Bill To Offset El Salvador’s BTC Adoption - BitcoinEthereumNews.com
Two US House members have proposed a new bill in order to ‘mitigate the risks’ of El Salvadors adoption of Bitcoin as legal currency. El Salvadors Decision Still Incites US Legislations The bill was presented by Congresswoman Norma J. Torres (D-CA), Chair of the Central America Caucus, and Congressman Rick Crawford (R-AR), Ranking Member of the House Permanent Select Committee on Intelligences Subcommittee on Counterterrorism, Counterintelligence, and Counterproliferation. The bipartisan House bill proposes legislation for the Accountability of Cryptocurrency in El Salvador (ACES) Act to minimize the risks posed to the United States treasury due to El Salvadors monumental decision. Tanong ng Mga Institusyong Pinansyal sa BTC Adoption Congresswoman Torres addressed the concerns over El Salvadors BTC adoption, stating, “Global financial institutions have studied and detailed the numerous risks of El Salvadors adoption of Bitcoin, and the international community acknowledges the potential danger. El Salvador is an independent democracy, and we respect its right to self-govern, but the United States must have a plan in place to protect our financial systems from the risks of this decision, which appears to be a careless gamble rather than a thoughtful embrace of inovation.” Many international bodies have openly spoken out against El Salvadors decision to adopt BTC