The president of El Salvador, Nayib Bukele, reacted Wednesday with a “stay out of our internal affairs” to the proposal in the U.S. of a legislative initiative to “mitigate the risks” to the financial system of that country by the adoption of bitcoin in the Central American nation.
“Ok, boomers… You have 0 jurisdiction on a sovereign and independent nation. We are not your colony, your back yard or your front yard. Stay out of our internal affairs,” the president wrote in a message on Twitter in which Bukele also attached the statement in which it was reported that three American senators presented this Wednesday said initiative.
Bukele added, “Don’t try to control something you can’t control.”
The bill, called the El Salvador Cryptocurrency Accountability Act, is being pushed by Democratic Senator Bob Menendez, chairman of the Upper House Foreign Affairs Committee, and Republicans Jim Risch (the ranking conservative on that committee) and Bill Cassidy.
The bill urges the State Department to analyze the risks to cybersecurity, economic stability, and democracy that bitcoin poses to El Salvador and design a plan to mitigate the risks to the American financial system.
According to Cassidy, Bitcoin opens the door to money laundering cartels and undermines American interests, so he called for tackling that problem head-on.
El Salvador became in September 2021 the first country in the world to adopt crypto assets as legal tender, alongside the US dollar.