• Wion
  • /World
  • /Bukele warns bitcoin-wary 'boomer' US senators to stay out of El Salvador's internal affairs

Bukele warns bitcoin-wary 'boomer' US senators to stay out of El Salvador's internal affairs

Bukele warns bitcoin-wary 'boomer' US senators to stay out of El Salvador's internal affairs

El Salvador's President Nayib Bukele

President Nayib Bukele on Wednesday askedUSsenatorstostayoutofElSalvador's"internalaffairs" after they called for an investigation into the economic risks the United States faces due to the Central American country's adoption ofbitcoinas legal tender.

SenatorsJim Risch, Bill Cassidy and Bob Mendez asked the State Department to submit a report on the implementation ofbitcoininElSalvador with the purpose of assessing the risks it poses to theUSeconomy.

"Ok boomers… You have 0 jurisdiction on a sovereign and independent nation," Bukele, 40, said in a tweet, referring to the older generation of "baby boomers".

Add WION as a Preferred Source

"We are not your colony, your back yard or your front yard.Stayoutof ourinternalaffairs. Don’t try to control something you can’t control."

ElSalvador was the first country in the world to adopt cryptocurrency for official use, in parallelto theUSdollar, a decision that has drawn it harsh criticism from the International Monetary Fund (IMF).

TheUSsenatorsalso expressed fear over the fact that adoptingbitcoincould weaken theUSgovernment's sanctions policy and increase the activity of criminal organizations.

"This new policy has the potential to weakenUSsanctions policy, empowering malign actors like China and organized criminal organizations. Our bipartisan legislation seeks greater clarity onElSalvador’s policy," said thesenatorsin a statement.

Watch |El Salvador's president Nayib Bukele Plans World's First Bitcoin City

The Salvadoran government, which has acquired some 1,801bitcoins since September, has been questioned by economists and the opposition for its refusal to be accountable in the process of buying and managing the funds.

Diplomatic relations betweenElSalvador and the United States have deteriorated after the White House denounced publicly cases of corruption in Bukele's government and an escalation of measures to accumulate power.

About the Author

Share on twitter

Moohita Kaur Garg

Moohita Kaur Garg is a journalist and Senior Sub-Editor at WION News with five years of experience covering the volatile intersections of geopolitics and global security. She has e...Read More