“As El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system,” Risch said in a statement on Wednesday, adding that the legislation would require the State and Treasury Departments, among other federal agencias, to mitigate risks such as potential empowerment of China and organized criminal organizations.
Related posts
-
Bitcoin hits 5-month low, Mt. Gox begins repayments, Circle secures MiCA license
Today’s edition of the weekly recap: Bitcoin (BTC) drops to a five-month low amid a series... -
Sleeping BTC Wallets Reactivate, Bitcoin Dips, and More — Week in Review
Several longtime holders of Bitcoin have reactivated dormant wallets, moving substantial amounts of BTC after years... -
$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites
The Bitcoin market is experiencing a wave of uncertainty as a recent analysis by CryptoQuant reveals...