
Senators James Risch (R-Idaho), Bob Menendez (D-N.J.) and Bill Cassidy (R-La.) introduced the "Accountability for Cryptocurrency in El Salvador (ACES) Act" to investigate the impact of El Salvador's adoption of Bitcoin (CRYPTO: BTC) as legal tender, and the country's president Nayib Bukele is not happy about the scrutiny.
What Happened: Risch said on Wednesday, according to cryptocurrency news outlet Coindesk, that "as El Salvador has adopted Bitcoin as legal tender, it’s important we understand and mitigate potential risks to the U.S. financial system."