El-Salvador’s BTC legal tender possesses issues for the U.S trade.
U.S lawmakers on pursuit for mitigatory plans.
Nayib Bukele completely against the remarks made by the U.S.
Ever since the Bitcoin (BTC) has been made as one of the legal tenders in El-Salvador, controversies are nevertheless. Apart from the world remarks and critics by other nations, controversies are still on the surge within the country itself. Profuse accusations have been also put forth by most of the nations around the world, especially the ones directly in trade with El-Salvador.
In such terms, one of the nations to get direct impact on higher levels is the U.S. In such terms, many many lawmakers agitated El-Salavdor’s actions. Moreover, now as what has been done has been done, and as the President of El-Salvador Nayib Bukele seems to never mind the voices of others, lawmakers of the U.S now assemble to devise new mitigation plans to protect the U.S from negative impacts of BTC legal tender by El-Salvador.
Action’s of U.S Lawmakers and Bukele’s Response
As the start of the action by the U.S lawmakers, representatives from California and Arkansas, Norma Torres and Rick Crawford put forth a proposition to the legislative assembly in order to create a mitigation plan against the negative impacts for the U.S through BTC legal tender by El-Salvador.
In addition, they came to look into the cybersecurity, economic stability and democratic governance for El-Salvador. As a result, the Senate has declared both the Secretary of State as well as the Federal department to devise up mitigation plans. For this, they have been granted a time period of 60 days to devise up the mitigation plans.
However, on the other hand, the President of El-Salvador, Nayib Bukele, has been completely agitated by the actions of the U.S. Indeed the President expressed his views by abruptly asking the U.S to stay out of the internal affairs of his country.