- U.S. Senators proposed a bill concerning El Salvador’s Bitcoin adoption.
- President Nayib Bukele responded bluntly to his critics.
- Bukele is set to meet “CZ” to discuss other issues.
El Salvador is positively moving forward by integrating Bitcoin into the economy. President Nayib Bukele is known for his blunt response to his critics. He condemned the U.S. Senators who recently disclosed their concerns about El Salvador’s Bitcoin adoption.
Meanwhile, the Senators legislated a bill called ‘‘Accountability for Cryptocurrency in El Salvador Act.’’ It aims to monitor the Central American nation on what effect Bitcoin law could have on the United States.
In his recent tweets, Bukele wrote:
Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here. The US Government DOES NOT stand for freedom and that is a proven fact. So we will stand for freedom. Game on! Bitcoin is FU money!
Moreover, the bill does not exactly state that it fears El Salvador’s Bitcoin adoption. However, it does put a warning note to it. Also, one of the stipulations in Section 2 of the bill calls for the need to read the “potential for reduced use by El Salvador of the United States dollar”.
President Bukele has also talked about the news surrounding the arrival of Bitcoin bonds.
On Wednesday, March 23, Reuters published a report stating that El Salvador has postponed the launch of its Bitcoin bonds, referring to unfavorable market conditions.
Likewise, he stated that El Salvador is working with Bitfinex to bring the Bitcoin bonds to market. In other news, Binance CEO Changpeng Zhao has arrived in El Salvador to meet President Nayib Bukele.
Additionally, Bukele tweeted, “I’m meeting with Changpeng Zhao tomorrow to discuss other issues, not the Volcano Bonds, unless he wants to buy some, of course, Bitcoin fixes FUD!”