On Wednesday, the US Senate cleared the “Accountability for Cryptocurrency in El Salvador (ACES) Act” past committee, and the measure is now scheduled for a House vote. Nayib Bukele has responded through Twitter, expressing his outrage at the notion.
‘The US Government is fearful of our actions here.’ El Salvador’s President Nayib Bukele said in a tweet today, “The US Government DOES NOT STAND FOR FREEDOM, and this is a confirmed reality.” As a result, we shall fight for liberty.
The country’s leader made the statement in reaction to news that the ACES Act, abbreviated for “Accountability for Cryptocurrency in El Salvador (ACES) Act,” had cleared a committee hearing and was ready for a vote in the US Senate.
The ACES Act was presented in February by a bipartisan group of senators, including Republicans James Risch and Bill Cassidy and Democrats Bob Menendez. The bill’s specific provisions attempt to identify and prepare for any threats to America as a result of El Salvador’s acceptance of Bitcoin as legal cash. Senator Risch said yesterday, “Because El Salvador has legalised Bitcoin, it is critical that we identify and manage possible dangers to the US financial system.”
El Salvador’s president views the United States’ activities as a threat to the country’s sovereignty. He said as much when the bill was filed in February, meaning that America had no business with El Salvador’s domestic politics.
“All right, boomers… You have no authority over a sovereign and independent state. We are neither a colony, nor are we a back yard or a front yard. Keep your hands off our internal matters. “Do not attempt to control what you cannot control,” Bukele said.
Bukele expressed surprise yesterday that the US saw El Salvador’s domestic policy as a threat. “Never in my wildest fantasies did I imagine that the US Government would be fearful of what we are doing here,” he said.
Numerous Bitcoin fans have replied positively to Bukele’s tweets, including Tristan Lamonica, the Director of Digital Strategy for the Canadian Parliament, who said, “Means you’re doing something right, keep crushing it you GOAT.”
Bukele Explicates The Bitcoin Bond Delay
El Salvador became the first Central American country to recognise Bitcoin as legal cash last year; since then, the Central American country has announced intentions to issue a Bitcoin bond and establish a Bitcoin city. The bond was previously expected to be issued between March 15th and March 20th.
However, as ZyCrypto reported yesterday, El Salvador has postponed the issuance of the Bitcoin-backed bond, with the country’s finance minister reportedly announcing that the bond will be delayed until September.
Bukele explained late yesterday that the bond will be issued in cooperation with Bitfinex and that the delay was due to other measures having priority in parliament.