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Category: CRYPTO NEWS
The post Nayib Bukele Calls Out Menendez’s Bitcoin Hate After Bribe Scandal and Prison Sentence appeared on BitcoinEthereumNews.com. U.S. Senator Bob Menendez, a vocal critic of El Salvador’s Bitcoin Law, had previously accused Nayib Bukele of using Bitcoin for illicit purposes. Despite U.S. opposition and Menendez’s efforts, including the ACES Act targeting El Salvador’s cryptocurrency policies, Bukele maintained his pro-Bitcoin stance. El Salvador President Nayib Bukele took a dig at Bitcoin critic and former US Senator Bob Menendez, who faced an 11-year prison sentence on January 29, as investigators found half a million cash and gold bars inside his house. Interestingly, some time back, Menendez accused Nayib Bukele of using Bitcoin for illicit activities. In response to his previous comments, Bukele said: “This guy said we used Bitcoin for money laundering and corruption”. This guy said we used Bitcoin for money laundering and corruption 😂 https://t.co/FJpT3gptna — Nayib Bukele (@nayibbukele) January 30, 2025 For years, Menendez criticized Nayib Bukele over El Salvador’s Bitcoin Law, accusing the country of financial irresponsibility. Now, the so-called anti-corruption advocate finds himself exposed as a gold-hoarding fraud. FBI raids in 2022 uncovered cash hidden in jackets and 13 gold bars linked to bribery schemes. Menendez Had Problem With Nayib Bukele Making Bitcoin a Legal Tender In the period between 2019 to 2024, Menendez served as chairman of the Senate Foreign Relations Committee and never missed a chance to target Bitcoin. His criticism of El Salvador started when Nayib Bukele’s government passed a law in 2021 making Bitcoin a legal tender. Menendez was far from pleased. In response, the U.S. swiftly introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act in 2022, co-sponsored by Menendez and Senator Jim Risch. The act directed federal agencies to investigate Bitcoin’s “potential risks to the global financial system.” Menendez aggressively advocated for sanctions against El Salvador’s Chivo wallet operators and sought to sever the country from U.S.…
2025-01-31T03:45:07+00:00