Bukele tells U.S Senators El Salvadors Bitcoin Law is not their concern - BitcoinEthereumNews.com
राष्ट्रपति बुकेले reacted to a U.S Senate bill on El Salvadors Bitcoin Law by saying, “stay out of our internal affairs.” The bill, titled “Accountability for Cryptocurrency in El Salvador (ACES) Act,” calls for the State Department to assess El Salvadors adoption of Bitcoin with a view to “mitigate potential risks” to the U.S. financial system. Since adopting Bitcoin as legal tender, El Salvador has found itself under constant scrutiny on the international stage. Despite that, and as evidenced by the response to this bill, President Bukele remains undeterred. Bitcoin adoption has U.S Senators spooked The bill was introduced by Senators Jim Risch, Bill Cassidy, and Bob Menendez over fears of its impact on the U.S. Senator Risch commented that El Salvadors adoption of Bitcoin leaves it vulnerable to “financial integrity” risk. He added that the policy also weakens the effect of U.S sanctions, therefore enabling “malign actors,” including China and organized crime. “This new policy has the potential to weaken U.S. sanctions policy, empowering malign actors like China and organized criminal organizations.” Similarly, Senator Cassidy raised concerns over emboldening money laundering cartels. He calls for action to keep alive the dollars world reserve status. “If the United States wishes to combat money laundering and preserve the role of