U.S. Senators Jim Risch and Bob Menendez have reintroduced the "Accountability for Cryptocurrency in El Salvador Act," also known as the "ACES Act," for discussion in the U.S. Senate. The proposed legislation aims to examine the impact of bitcoin's adoption as legal tender in El Salvador on the country's financial stability and its ability to combat money laundering and illicit finances. The act would require the Secretary of State and the Secretary of the Treasury to produce a report on the adoption of bitcoin and legal tender in El Salvador, including its impact on the personal economy of Salvadorans and compliance with guidelines issued by the Financial Action Task Force. Salvadoran President Nayib Bukele has expressed his disbelief at the U.S. government's concerns over their adoption of bitcoin as legal tender.