US congresswoman Norma J. Torres, along with Congressman Rick Crawford, presented a bill to mitigate risks to El Salvador’s adoption of Bitcoin.
Discussions continue regarding the possible risks posed by El Salvador’s adoption of Bitcoin as a legal currency. The April 4 bill, which aims to reduce the risks to Bitcoin adoption in El Salvador, is called Cryptocurrency Liability in El Salvador (ACES). Torres called El Salvador’s Bitcoin move a “careless gamble” in a tweet:
The bill includes assessing risks to cybersecurity, economic stability and democratic governance in El Salvador, which accepts Bitcoin as a currency, and develop a strategy for such risks that could be a threat to the US financial system.