Risch, Menendez Reintroduce Legislation to Mitigate Risks of El Salvador's Adoption of Bitcoin
Press Release
Issues: Foreign Affairs
"Using cryptocurrency as legal tender could weaken economic and financial stability and empower malign actors," said Risch. "Given U.S. interest on prosperity and transparency in Central America, we must seek greater clarity on how the adoption of Bitcoin as legal tender may impact El Salvador's financial and economic stability, as well as El Salvador's capacity to effectively combat money laundering and illicit finances. I'm proud to reintroduce the ACES Act to do just that."
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