US Senators Jim Risch and Bob Menendez reintroduced the ACES Act, requesting a State Department report on El Salvador’s Bitcoin adoption, analyzing potential risks for cybersecurity, economic stability, and democratic governance. El Salvador became the first country to recognize Bitcoin as legal tender in 2021.
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US Senators vs El Salvador’s Bitcoin Experiment: Pros, Cons & Global Implications
U.S. Senators James Risch and Bob Menendez reintroduce the Accountability for Cryptocurrency in El Salvador Act, addressing potential risks surrounding El Salvador’s Bitcoin adoption as legal tender. The bill demands a report examining the nation’s cybersecurity, economic stability, and influence on its Bitcoin Law.