“Accountability for Cryptocurrency in El Salvador (ACES) Act”
The U.S.Senate is driving out Bitcoin wherever it manifest itself to challenge The Fed Coin.The digital currency must be in the exclusive club for all central banks to accept their system.After all who is going to accept U.S, digital money (Fed Coin) after inflation and U.S. growing deficits with trillions in debt to service at high interests rates very soon?
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As El Salvador has adopted [b]itcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday. He added the legislation would require the State and Treasury departments, among other federal agencies, to mitigate risks such as potential empowerment of China and organized criminal organizations.
The bill would also ask the U.S. to monitor remittances from El Salvador.
El Salvador President Nayib Bukele expressed his discontent after the bill passed out of committee.
“Never in my wildest dreams would I have thought that the U.S. [g]overnment would be afraid of what we are doing here,” he tweeted on Wednesday afternoon.