• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Another Salvadoran congressman wants to block the bill to take Bitcoin 

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Another Salvadoran congressman has established an effort to thwart President Nayib Bukele’s bitcoin (BTC) approval bill — and has awakened with an attorney as part of his campaign.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Another Salvadoran congressman wants to block the bill to take Bitcoin

As reported, two legislators from the opposition Farabundo Martí National Liberation Front (FMNL) celebration last week filed a proposal to amend President Nayib Bukele’s Bitcoin approval bill that was passed in the nation. after it received majority support. It has also been released in the Official Gazette of the executive, which means that without last-minute intervention, the bill will be enacted in about two months.

The FMNL MPs’ proposal will be considered by an internal committee. And now judges may also have a billing proposal to take into account.

According into the media ElSalvador.com and El Mundo, FMNL MP Jaime Guevara, representing the northern section of Morazán, combined forces with an attorney named Óscar Artero in a bid to block the bill. Applied in the not too distant future.

The duo claimed they represented a “group of citizens” disgruntled with the bill and presented their case before the Constitutional Court. They contended that the National Assembly’s vote on the bill proved to be a “wrong and wrong process, lacking in legitimacy.”

The MP made his position clear:

“I am bringing a lawsuit against Bitcoin law. It lacks legitimacy and basis, and fails to consider the meaning and harm that such a law would bring to this country. Bitcoin law will affect everyone’s finances. The government is trying to force us to deal with Bitcoin.”

However, attempting to alter the bill before it’s implemented doesn’t appear to be simple, even taking the issue to the court because Bukele’s political opponents argue that the President has filled the courtroom. with his supporters.

Even so, Guevara still wanted to do so to the end:

“We are going to take these gentlemen to court to see what answers they give people. It is important for the government to understand that the prevailing consensus is that the people do not agree with the law.”

Bid by MPs Anabel Belloso and Dina Argueta to amend El Slavador’s BTC invoice dự

As previously mentioned, two MPs from FMNL, belloso and Dina Argueta, have declared that they are looking to present a bill for personal members of Parliament that, if approved, would repeal parts of Bitcoin law.

Part of this controversy is law #7, which forces retailers to take BTC upon client request — effectively forcing companies to accept BTC, so long as they have access to a PC or telephone. clever.

But Belloso and Argueta told reporters that the proposed amendment would make sure that BTC “is not required to be used” — and even go further.

“The amendment stipulates that salaries, bonuses and pensions continue to be paid in dollars and not in this cryptocurrency and it is not recognized as legal tender,” he explained.

FMNL has just four seats in parliament, and its management of the executive, legislative and judicial branches has been changed to the standing of a small opposition party. The party, which dominates Salvadoran politics, endured a disastrous performance in the 2021 legislative elections, losing 19 seats. By contrast, support for Bukele and his Nuevas Ideas celebration was sky-high from the March polls, in which the party won more than 66 percent of the vote.

Despite the mainstream press in the country has continued to have a cynical view of the recent developments regarding BTC in El Salvador, with some evidence that a high number of the populace was confused by the suddenness of Bukele’s crypto conversion.

Join Facebook Groups and Telegram group of the Coinlive to talk and exchange info regarding the Crypto Currency market with more than 10,000 other individuals.

Important Note: All content on the site is for informational purposes only and isn’t investment advice in any respect. Your cash, the choice is yours.

[ad_2]

Tags: AcceptBillBitcoinblockcongressmanSalvadoran
Share76Tweet48

Related Posts

U.S. Unemployment Stable, Crypto Market Assessing Implications

by shark
June 7, 2025
0

U.S. unemployment remains at 4.2% in May, impacting crypto markets amid steady macroeconomic environment.

U.S. Adds 139,000 Jobs, Market Reactions Mixed

by shark
June 7, 2025
0

U.S adds 139,000 jobs in May, surpassing forecasts. Crypto markets react cautiously.

Binance Alpha To Launch DeFi App HOME on June 10

by shark
June 7, 2025
0

Discover Binance Alpha's new platform launch featuring the DeFi App (HOME) token, set to intensify market interest on June 10,...

UK FCA Proposes Lifting Retail cETN Ban

by shark
June 7, 2025
0

The UK Financial Conduct Authority (FCA) proposed lifting the ban on crypto exchange-traded notes for retail investors, originally imposed in...

CZ Refutes NYT Allegations on Trump Meme Coin Dinner

by shark
June 7, 2025
0

Binance's Changpeng Zhao rejects NY Times claims on Trump meme coin event involvement.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • U.S. Unemployment Stable, Crypto Market Assessing Implications
  • U.S. Adds 139,000 Jobs, Market Reactions Mixed
  • Binance Alpha To Launch DeFi App HOME on June 10
  • UK FCA Proposes Lifting Retail cETN Ban
  • CZ Refutes NYT Allegations on Trump Meme Coin Dinner
  • Circle’s IPO Boosts Interest in Stablecoins
  • FCA Signals Potential UK Retail Crypto ETF Access
  • Qubetics Powers Smart Blockchain Solutions, Cronos Expands AI Gaming, Avalanche Integrates Stripe—Best Crypto to Invest in June 2025
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7