![\"\"](\"https:\/\/markethive.com\/uploads\/andriesvantonder\/images\/posted-images\/el%20salvador(1).png\")
<\/p>\n
El Salvador. <\/p>\n
In brief<\/p>\n
- \n
- El Salvador made Bitcoin legal tender last year.<\/li>\n
- The U.S. government is worried—and is drafting legislation that aims to protect its financial system.<\/li>\n<\/ul>\n
The U.S. is pressing on with legislation aimed at protecting its financial system from El Salvador’s Bitcoin Law. On Monday, lawmakers introduced a new bill asking the State Department to mitigate the risks of El Salvador’s adoption of Bitcoin<\/a>. <\/p>\n
This new bill, the Accountability for Cryptocurrency in El Salvador Act, will accompany the Accountability for Cryptocurrency in El Salvador (ACES) Act, which was introduced<\/a> in the U.S. Senate in February and passed committee<\/a> last month. <\/p>\n
Yesterday’s bill was introduced by Congresswoman Norma J. Torres (D-CA-35) and Congressman Rick Crawford (R-AR-01). Congresswoman Torres said in a statement<\/a> that the bill was necessary to “protect” the U.S. financial system from El Salvador’s “careless gamble.” <\/p>\n