Senator Bob Menendez of New Jersey, one of the most powerful figures in the Democratic Party, faces federal corruption charges implicating him a far-reaching bribery scheme.
According to prosecutors’ 39-page indictment, Menendez used his vast power as a lawmaker to benefit three New Jersey businessmen in return for gifts and cash.
Senator Menendez Is No Friend of Crypto
Menendez is not just any politician, but the senior senator from New Jersey and chair of the Senate Foreign Relations Committee. As such, he has been able to pull strings and get people what they want on the diplomatic stage.
The senator is also an enemy of cryptocurrency. Menendez frowns on tiny El Salvador’s efforts to lift its people out of poverty with a foray into the crypto realm.
In June, Menendez joined with Senator Jim Risch, an Idaho Republican, to re-introduce a bill that would require the US State Department to study El Salvador’s experiment. And to come up with a report on its consequences for US-Salvadoran economic ties.
Learn more about El Salvador’s adoption of Bitcoin as legal tender and its relationship with the crypto industry.
Menendez clearly agreed with Risch, who wrote in a blog post:
“We must seek greater clarity on how the adoption of Bitcoin as legal tender may impact El Salvador’s financial and economic stability, as well as El Salvador’s capacity to effectively combat money laundering and illicit finances.”
Go to Source to See Full Article
Author: Michael Washburn
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
