Top senators take aim at ElSalvador bitcoin  adoption as national security risks
3071 sats \ 11 comments \ @CarlBMenger 15 May 2023 bitcoin
Two senators have introduced legislation that they hope will be a safeguard against any risks that El Salvador’s adoption of bitcoin as legal tender may pose.
Sens. Bob Menendez (D-NJ) and Jim Risch (R-ID) — the chairman and ranking member of the Foreign Relations Committee, respectively — announced the legislation, called the Accountability for Cryptocurrency in El Salvador Act, on Friday. The legislation was previously introduced and passed out of committee last year.
https://www.washingtonexaminer.com/policy/economy/legislation-mitigate-bitcoin-risks-el-salvador
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58 sats \ 3 replies \ @franzap 15 May 2023
The colonialists getting a panic attack. Love it
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0 sats \ 2 replies \ @033daf6a55 15 May 2023
Soon they will start making very funny laws) very bad laws) very illogical laws... in a word ..., broke ...
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36 sats \ 1 reply \ @IanMalcolmPhd 15 May 2023
"The four horseman of the infopocalypse: child pornography, terrorism, money laundering, and The War on Some Drugs" - Jacob Appelbaum, Cypherpunks
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3 sats \ 0 replies \ @l0k18 16 May 2023
I haven't heard "the war on some drugs" in such a long time. Thanks.
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21 sats \ 0 replies \ @02d769cb73 15 May 2023
They can't destroy Bitcoin technologically, so the attack vector becomes political, and the framing of the adopter shows this clearly -
So ElSa's position is a risk to cybersecurity, governance and, lol, financial stability, and the US is interested in prosperity and transparency in Central America...
The Accountability For Cryptocurrency Act - to persecute the adopter for daring to determine their own future is the 'accountability' they are speaking of.
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3 sats \ 1 reply \ @IanMalcolmPhd 15 May 2023
I wouldn't call these guys the top senators. More like subs or bottoms.
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0 sats \ 0 replies \ @l0k18 16 May 2023
Oh, but they do want to fornicate everyone...
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1 sat \ 0 replies \ @033daf6a55 15 May 2023
This law will only apply to them. that's good!))) Let them do it
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1 sat \ 0 replies \ @Monotone 15 May 2023
The obvious reaction of the supporters of the printing press
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0 sats \ 0 replies \ @JesseJames 16 May 2023
It's kinda tragic for the feeble minded. The badger still doesn't care :-)
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0 sats \ 0 replies \ @quark 15 May 2023
Any risk? Nothing specific? Maybe it is just envy.
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