President El Salvador tells three suspected U.S. senators of Bitcoin: “Okay Boomers, we are not your colony”

Three U.S. senators have drafted a bill to reduce the event’s financial risks to the U.S. economy – as El Salvador’s frequently faces bitcoin purchases – and fears neighbors will follow suit. Naib Pukele, President of Salvador, was not happy with one attempt.

This Wednesday, Republican senators Jim Rish and Bill Cassidy and Democrat Bob Menendez introduced a bill to report to the US State Department on El Salvador’s crypto policies.

This is an initiative in line with the warnings of the International Monetary Fund and Vin Financial rating agencies, Salvadoran continues to see great risks in monetary policy. Just last week, Fitch Ratings downgraded El Salvador’s long-term rating from B to CCC. This decision has been made because of Unpredictability The economic policy of the country.

“El Salvador’s acceptance of bitcoin as a legal tender raises significant concerns about the economic stability and financial integrity of the vulnerable US trade partner in Central America,” Rish said in a statement.

“These new policies could weaken US sanctions policies, promote bad actors like China, and organized crime. Our bilateral law seeks more clarity on policy regarding El Salvador,” he added.

“If the United States wants to combat money laundering and protect the dollar’s share of the world’s reserve, it must” solve this problem directly, “Cassidy said.

“Free Country”

Not long ago, Naeem Bukele picked up his phone and attacked all three senators on Twitter.

“Well Boomers … you have no sovereignty and no power over a free nation. We are not your colony, your backyard or your front yard. Do not interfere in our internal affairs. Do not try to control something you can not control, “he told them.

A few hours later, the President of Salvador tweeted “Land of Freedom” with his country’s flag and the hashtag Bitcoin.

Relationships get worse

This is actually the eighteenth episode in a series of deteriorating relations between El Salvador and the United States. There are 1,801 bitcoins in the country, and there is not a drop in the price of cryptocurrency, which encourages the president to continue buying – in stark contrast. Last month, Buckell bought a few hundred more bitcoins Tip⁇

At the urging of the President, Bitcoin became the legal tender in September 2021 in El Salvador. The leader has been repeatedly slandered by many economists – and opposition parties – for his lack of accountability for the purchase and management of funds.

The United States is particularly angry with Bukeley, accusing him of anti-democratic maneuvers aimed at increasing his power. Responding to these allegations last fall, he declared himself “the best dictator in the world”.

(LP)