US senators introduce the Accountability for Cryptocurrency in El Salvador (ACES) Act” to mitigate the risks of El Salvador’s “careless” Bitcoin decision. 
The ACT requires State Departments to produce a report on El Salvador’s adoption of Bitcoin within 60 days.

Last year, the president of El Salvador Nayib Bukele took a bold decision to make Bitcoin a legal tender in the country. This decision was heavily criticized as world financial institutions including the International Monetary Fund (IMF) raised concerns about the risk involved. 
In February 2022, the U.S senators led by Jim Risch (R-Idaho), Bob Menendez (D-N.J.), ranking member and chairman of the Senate Foreign Relations Committee, and Bill Cassidy (R-La.) introduced the law “Accountability for Cryptocurrency in El Salvador (ACES) Act” requiring State Departments to produce a report on El Salvador’s adoption of Bitcoin in 60 days. Risch stated that El Salvador’s Bitcoin decision could weaken U.S sanctio

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