-3.06% Bitcoin (BTC) 92817.8 EUR
-5.54% Ethereum (ETH) 2361.42 EUR
-6.36% Litecoin (LTC) 76.33 EUR
-3.06% B-Cash (BCH) 379.43 EUR
-2.79% Ethereum (ETH) 0.0256944 BTC
-3.39% Litecoin (LTC) 0.00083224 BTC
-0.04% B-Cash (BCH) 0.00408747 BTC
-2.40% Bitcoin (BTC) 108420.5104 USDC
-0.73% USD Coin (USDC) 0.86 EUR
-9.20% Chainlink (LINK) 12.49 EUR
-5.64% Chainlink (LINK) 0.00013516 BTC
-9.22% Dogecoin (DOGE) 0.16 EUR
-6.41% Dogecoin (DOGE) 0.00000175 BTC
-7.67% Uniswap (UNI) 6.8 EUR
-3.55% Uniswap (UNI) 0.00007403 BTC
-7.22% Cardano (ADA) 0.59 EUR
-4.19% Cardano (ADA) 0.0000064 BTC
-5.90% Tron (TRX) 0.24 EUR
-3.00% Tron (TRX) 0.00000259 BTC
-8.29% Shiba Inu (SHIB) 0.00001095 EUR
-3.01% Zcash (ZEC) 44.09 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-9.03% Arbitrum (ARB) 0.3807 USDC
-8.54% Chainlink (LINK) 14.31 USD
-8.57% Chainlink (LINK) 14.33013 USDC
-5.67% Uniswap (UNI) 7.814 USDC
-9.15% Ondo (ONDO) 0.72 EUR
-8.40% Ondo (ONDO) 0.84282 USDC
-10.67% Gala (GALA) 0.01 EUR
-10.41% Gala (GALA) 0.01631 USDC
-10.67% Wormhole Token (W) 0.06 EUR
-9.66% Wormhole Token (W) 0.072 USDC
-7.55% Chiliz (CHZ) 0.03 EUR
-6.05% Chiliz (CHZ) 0.03816 USDC
-6.99% Sand (SAND) 0.24 EUR
-7.02% Sand (SAND) 0.2799 USDC
-5.80% Aave (AAVE) 257.94 EUR
-5.00% Aave (AAVE) 298.99 USDC
-12.28% Curve DAO (CRV) 0.55 EUR
-11.71% Curve DAO (CRV) 0.6462 USDC
-10.48% Immutable X (IMX) 0.43 EUR
-10.17% Immutable X (IMX) 0.4964 USDC
0.00% Skale (SKL) 0.07 USDC
-8.08% Beam (BEAM) 0 EUR
-8.48% Beam (BEAM) 0.00636 USDC
0.00% Axelar (AXL) 1.05 USDC
-3.02% Livepeer Token (LPT) 7.05 EUR
-2.53% Livepeer Token (LPT) 8.123 USDC
-4.09% Compound (COMP) 49.44 EUR
-3.31% Compound (COMP) 56.9 USDC
-8.19% Coti (COTI) 0.04 EUR
-5.50% Coti (COTI) 0.0566 USDC
0.00% Portal (PORTAL) 1.1 USDC
-5.52% Sushi (SUSHI) 0.61 EUR
-5.08% Sushi (SUSHI) 0.7089 USDC
-2.61% Pepe (PEPE) 0 EUR
-2.20% Pepe (PEPE) 0.00001244 USDC
-4.44% Optimism (OP) 0.59 EUR
0.00% Polygon (MATIC) 0.2 EUR
-4.08% Solana (SOL) 137.94 EUR
-2.09% Solana (SOL) 0.0014745 BTC
-2.82% Solana (SOL) 0.057948 ETH
-0.22% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment

03-25-2022

The full U.S. Senate will vote on a bill looking to mitigate risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender, after the bill was passed out of committee on Wednesday.

The “Accountability for Cryptocurrency in El Salvador (ACES) Act” was introduced by Sens. James Risch (R-Idaho), Bob Menendez (D-N.J.) and Bill Cassidy (R-La.) on February 16.

“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the legislation would require the State and Treasury Departments, among other federal agencias, to mitigate risks such as potential empowerment of China and organized criminal organizations.

 

The bill would also ask the U.S. to monitor remittances from El Salvador.

El Salvador’s President, Nayib Bukele, expressed discontent after the bill received a committee passage.

“Never in my wildest dreams would I have thought that the US Government would be afraid of what we are doing here,” he tweeted on Wednesday afternoon.

El Salvador adopted Bitcoin as legal tender last fall, launching a government-backed wallet and offering incentives for Bitcoin usage. Bukele also announced the country would raise $1 billion through a Bitcoin-backed bond issuance, though this was delayed from its initial planned launch of mid-March.

 

Source: Coindesk