THELOGICALINDIAN - El Salvador President Nayib Bukele said that the United States stands adjoin abandon in a criticism of its Accountability for Cryptocurrency in El Salvador ACES Act
El Salvador President Nayib Bukele has bidding depression over the U.S. government’s worries apropos the Central American country’s Bitcoin play.
Bukele Criticizes U.S. Bill
The President of El Salvador has airtight the U.S. for actuality “afraid” of the Central American country’s assignment about the dollar. He additionally accused the U.S. of continuing adjoin freedom.
“The US Government DOES NOT angle for abandon and that is a accurate fact. So we will angle for freedom. Game on! Bitcoin is FU money!” Bukele wrote in a Thursday tweet.
Bukele was apropos to a new bill the Senate had voted on that would crave the U.S. government to appraise the risks of El Salvador’s acceptance as acknowledged tender. “Never in my wildest dreams would I accept anticipation that the US Government would be abashed of what we are accomplishing here,” Bukele wrote alongside a screenshot of the bill.
The bill, dubbed the “Accountability for Cryptocurrency in El Salvador (ACES) Act,” was alien by one Democratic and two Republican Senators in February and voted accomplished the board date by the Assembly Wednesday.
If passed, the bill would accord the U.S. Secretary of State and added accordant Federal departments and agencies no added than 60 canicule to abide a address on El Salvador’s acceptance of Bitcoin as acknowledged breakable to Congress. The ACES additionally gives the Secretary of State and accordant agencies 90 canicule to abide “a plan to abate any abeyant accident to the United States banking arrangement airish by the acceptance of a cryptocurrency as acknowledged breakable in El Salvador; and any added country that uses the States dollar as acknowledged tender.”
Based on Bukele’s comments afterward the bill’s antecedent introduction, El Salvador’s baton perceives the U.S. Senate’s accomplishments as a blackmail to the country’s sovereignty. “OK boomers… You accept 0 administration on a absolute and absolute nation. We are not your colony, your aback yard, or your advanced yard. Stay out of our centralized affairs,” he responded to the Senate’s bill advertisement in February.
El Salvador became the aboriginal country to accept Bitcoin as a acknowledged breakable in September 2021. Since then, the government has fabricated cogent efforts to access crypto acceptance aural its economy, including ablution its centralized agenda wallet Chivo, purchasing about 1,801 Bitcoin for its reserves, and announcement affairs to affair a $1 billion Bitcoin bond. A allocation of the band will allegedly armamentarium El Salvador’s new burghal committed to the cardinal one crypto asset, “Bitcoin City.”
Disclosure: At the time of writing, the columnist of this affection endemic ETH and several added cryptocurrencies.
