El Salvador’s Cryptocurrency Accountability Act (ACES), which is aimed at mitigating the risks from the adoption of Bitcoin as a means of payment in this country, has been submitted for consideration to the House of Representatives of the US Congress.
As reported, the draft bill, which will be considered by the committees on financial services and foreign affairs, has been sponsored by California Democrat Norma Torres and Arkansas Republican Rick Crawford.
A group of members of the Senate Foreign Relations Committee made a similar proposal in February, and it was not ignored by the president of El Salvador, who advised “not to try to control what the US cannot control.”
In the two initiatives, the objetive of the legislators is to oblige the State Department to form a certificate regarding the consequences of El Salvador’s decision for the United States.
