US Officials Necessitates El Salvador Bitcoin Adoption Probe, Bukele Answers: ‘OK Boomer’ Barb

Time Stamp: February 18, 2022 1:45 AM
Source Node: 1178086

US Officials Necessitates El Salvador Bitcoin Adoption Probe, Bukele Answers: 'OK Boomer' Barb

Weeks after memeing the International Monetary Fund (IMF), El Salvador’s President Nayib Bukele vocalized about his Twitter games by responding with a yes and said, ‘OK boomers’ to a class of United States officials who progressed towards blocking his bitcoin adoption schemes. The proteus group of Senators consists of Bob Menendez – an American lawyer and politician serving as the senior United States senator from New Jersey and Republican Senators James Risch and Bill Cassidy. These three members put forward a module of legislation called the ‘Accountability for Cryptocurrency in El Salvador (ACES) Act.’ El Salvador President Opposes the Legislation  Salvadoran leader – Nayib Bukele seemed to be opposing this piece of legislation. Here’s a further declaration proposed on behalf of the Senators,  they claimed, “On the bill being passed, the State Department would have to evaluate El Salvador’s endorsement of bitcoin as ready money/funds.” The State would also have to address the cybersecurity venture, economic balance, and democratic governance in El Salvador. Moreover, the ministry would be constrained to promote a scheme easing inherent risks to the United States financial system. Comment on Bitcoin (BTC) Adoption El Salvador acknowledged Bitcoin as an official currency & hence he approaches/promotes money laundering confederation and impairs US interests. If the United States aspires to withstand money laundering and safeguard the dollar as a reserve currency globally, we must be ready to hoist the issue personally. The proposed bill would pressurize USA sovereignty to publish whether or not the directional foundation in El Salvador complies with the prerequisite of the Financial Action Task Force in association with the virtual asset transactions. Bukele, in a straightforward manner, came up with plain indications that he aspires to detach his country’s policy from Washington. He added, “I look forward to de-dollarize the greenback-dependent Salvadoran economy. Because we don’t belong to your colony.” Having said that, Bukele claimed, “Do not enter into our internal affairs. Stay out of that which you can’t have control over.”

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