In the month of June 2021, El Salvador declared bitcoin as a legal tender in the country, and El Salvador also stated that no crypto other than bitcoin would be accepted as legal tender in the country. noted as
“It is impossible to have ten fiat currencies and two of them – the US dollar and bitcoin – are already challenging,” said El Salvador President Bukele.
Apart from this, Keizer in his recent tweet Claimed That Cardano is not really a decentralized token compared to the decentralized token bitcoin.
He further defined Ethereum as a “useless coin and scam”, discussing To hawkinson as a terrorist. They’ve also wondered why the ADA hasn’t been banned by Senator Cynthia Loomis, a pro-crypto politician in the state of Wyoming.
Keizer continued his anti-Cardano campaign, saying that El Salvador President Nayib Bukele had “expelled Hoskinson out of the country and effectively banned him along with other terrorists.”
Earlier this week it was reported that two US senators named Kirsten Gillibrand from New York, a member of the Democratic Party and Republican Cynthia Loomis of Wyoming, proposed a new crypto bill.
The bill includes regulatory requirements for bitcoin and ethereum as commodities and is to be overseen by the CFTC. According to the bill, the balance is to be defined as securities other than subsidiary assets called Solana and Cardano.
Max Keizer, referring to the bill, wondered why Senator Lumis had Ethereum as a commodity next to bitcoin, while Keizer believes that anything except ETH and BTC is a centralized scam. Meanwhile, the senator told CNBC that bitcoin “shines as a store of value” and should be part of a 401K retirement plan.
