in El Salvador alongside the national colon currency and the U.S. dollar since September 2021.
If passed, the bill could require federal agencies in the United States to report on El Salvador’s capabilities in cybersecurity and financial stability, and how these may have led to the passage of the country’s Bitcoin Law. The International Monetary Fund alsoin February to consider the risk of BTC as legal tender on the country’s financial integrity and stability.
The previous version of the Bitcoin-focused legislation introduced in the Senate passed through committee in April 2022. Lawmakers in the House of Representatives also introduced a companion bill, but according to congressional records the legislation has not moved in more than a year. Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here.
Congressional records show Idaho Senator James Risch and New Jersey Senator Bob Menendez introduced “a bill to require reports on the adoption of cryptocurrency as legal tender in El Salvador” on May 11. The legislation appeared to be a second attempt at the Accountability for…