El Salvador is a sovereign country and not a colony of Washington, which has no right to meddle in its decision to adopt bitcoin, President Nayib Bukele said on Wednesday in response to a bill proposed by several US senators alarmed at the prospect.
“OK boomers,” Bukele tweeted on Wednesday evening. “We are not your colony, your back yard or your front yard. Stay out of our internal affairs. Don’t try to control something you can’t control.” He added that the US has “zero jurisdiction” in El Salvador, a sovereign and independent nation.
Bukele, elected in 2019, once described himself as “the world’s coolest dictator” in his Twitter biography but now styles himself “CEO of El Salvador.” He was responding to a statement by three US senators – two Republicans and a Democrat – concerned about the country’s adoption of bitcoin and “potential risks to the US financial system” that might represent.
Senate Foreign Relations Committee chair Bob Menendez (D-New Jersey) joined Republicans Jim Risch of Idaho and Bill Cassidy of Louisiana in proposing Accountability for Cryptocurrency in El Salvador (ACES) Act, demanding of the US State Department to produce a report and a plan to address Bukele’s embrace of bitcoin.
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