El Salvador's President calls US senators Boomer because of Bitcoin Bill
El Salvador's President calls US senators Boomer because of Bitcoin Bill
- President Nayib Bukele has described three US senators because of the laws they have introduced to assess the effects of the Bitcoin law of El Salvador as "boomer"
- Bukele, whose country has Bitcoin in 1801, told the senators that they had no responsibility for an independent nation
The President of El Salvador asked the US senators on Wednesday to keep themselves out of the "internal affairs" of his country after submitting a draft law to evaluate the economic damage caused by the introduction of Bitcoin by the country.
The Senators Jim Risch, Bill Cassidy and Bob Mendez presented this before Accountability for cryptocurrency in el in el Salvador (aces) act On Wednesday this would require an assessment of the Foreign Ministry via El Salvador's introduction of Bitcoin as a legal means of payment.
In particular, the draft law should determine, among other things, how the Bitcoin law of El Salvador was concluded, what financial effects insist on El Salvador and the US economy and the potential of crypto to avoid US sanctions.
The draft law also provides for a plan for "reducing potential risks for the US financial system".
"The recognition of Bitcoin as an official currency by El Salvador opens the door and undermines the interests of the USA," said Cassidy in a explanation on Wednesday. "If the United States fight for money laundering and want to maintain the role of the dollar as a reserve currency in the world, we have to address this problem directly."
In the answer, President Nayib Bukele described the senators as "boomer" and said they had no responsibility for a "sovereign and independent nation".
"We are not your colony, your back yard or your front yard. Stay out of our internal matters. Don't try to control something that you cannot control." Bukele has tweeted .
"Boomer" is a colloquial term that is typically used by teenagers and young adults to make fun of attitudes that are connected to the BabyBoomer generation-people who were born in the two decades after the Second World War.
Last year, El Salvador was the first country in the world that Bitcoin officially introduced as a legal means of payment in addition to its state currency and the US dollar. The International Monetary Fund prompted El Salvador to lift Bitcoin's status as a legal means of payment last month, and referred to risks for global financial stability and consumer protection.. .
The contribution El Salvador’s President Calls Us Senator 'Boomers' Over Bitcoin Bill is not a financial advice.