El Salvador and the United States seek to increase their cryptographic association.
BO HIES, the executive director of the Council of Presidential Advisors of the White House for digital assets, met with Salvadoran President Nayib Bukele on Wednesday.
“Bitcoin’s candidate aspiring gathered with the OG Bitcoin country to discuss areas of mutual interest and possible collaboration related to Bitcoin, Stablecoins and digital assets,” said Stacy Herbert, director of the Bitcoin Office of El Salvador, to COINDESK.
“In the coming months, I think we will see some extraordinary things that happen for both partners as a result of this meeting,” he added, without developing more thoroughly.
Hines is an important player in Washington when it comes to cryptographic policy, working with David Sacks, who presides over the Crypto Council and assumed the role of AI and Crypto Czar.
The two countries have approached since the inauguration of the president of the United States, Donald Trump, in January. Bukele was received by Trump at the White House in April, where they discussed security agreements. El Salvador has agreed to take the custody of some of the illegal immigrants deported by the United States in the country’s security mega, CECOT, built in 2022 as part of the Government’s repression against the violent gangs.
The Crypto Regulation Agency of El Salvador, the National Commission of Digital Assets (CNAD), has also met with the United States Stock Exchange and Securities Commission (SEC) in order to establish a cross -border regulatory box. The idea, according to the president of CNAD, Juan Carlos Reyes, is for the United States to take advantage of El Salvador’s experience in the regulation of digital assets to evaluate simplified regulatory approaches for his own frame.
