What can the United States learn from El Salvador? If you are interested in the future of cryptocurrencies, like this post and keep reading!
The United States appears to be following a similar path to El Salvador in regulating digital assets. Michele Crivelli, founder of NexBridge, believes the US is taking an approach inspired by the Salvadoran model, particularly with the creation of a Digital Asset Markets Working Group.
💬 “The US is doing something similar to what El Salvador did in 2021, when it created a special commission to develop a legal framework for crypto,” Crivelli said.
Smaller countries drive global adoption
Crivelli says smaller, more agile nations like El Salvador are taking the lead in adopting cryptocurrencies. With less to lose, they are experimenting with new approaches before the financial giants, who jump in when the trend becomes impossible to ignore.
This point of view was reinforced by investor Anthony Pompliano, who highlighted that countries such as El Salvador and Bhutan are already strategically accumulating Bitcoin, anticipating a scenario of a global race for the digital asset.
El Salvador does not back down: it continues to accumulate Bitcoin!
Despite having repealed the law that made Bitcoin legal tender — as part of a loan agreement with the International Monetary Fund (IMF) — El Salvador continues to buy $BTC .
The country recently added another 12 BTC to its portfolio, bringing its reserves to over 6,051 BTC.
Additionally, El Salvador’s favorable regulatory environment is attracting companies in the sector. Tether, the issuer of the USDT stablecoin, has announced that it is moving its headquarters to the country.
Will the US adopt a pro-crypto approach like El Salvador?
The regulatory landscape is changing, and the movement of big players like the United States could be a turning point for the global adoption of crypto assets.
Do you think the US can follow El Salvador’s model? Leave your opinion in the comments!
Fonte: Cointelegraph
Disclaimer: This content is not investment advice. Please do your own research and be fully informed before making any decisions.
