Matt Gaetz Who Proposed Bill To Collect Federal Income Taxes In Bitcoin Now Wants Blinken To Downgrade US Travel Advisory To El Salvador

Matt Gaetz, Who Proposed Bill to Collect Federal Income Taxes with Bitcoin, Now Wants Blinken to Drop US Travel Warning for El Salvador

The Congressional El Salvador Caucus has called on the Joe Biden administration to lower El Salvador’s travel alert from the current Level 3 to Level 1.

What Happened: A bipartisan group led by Rep. Matt Gaetz (R-Fla.) and Rep. Vicente Gonzalez (D-Texas) sent a letter to Secretary of State Anthony Blinken, asking the administration to lower the advisory to the lowest Level 1, meaning “Practice Normal Precautions.”

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The alert level is currently Level 3, or “Reconsider Travel.” This is the second highest level.

The letter notes that El Salvador has seen a marked improvement in law and order under President Nayib Bukele’s regime and describes the country as the “safest” country in the Western Hemisphere.

“Since 2015, the homicide rate in El Salvador has declined steadily, from a high of 104 per 100,000 people to 2.4 in 2024. This homicide rate is lower than that of almost every major city in the United States,” the letter said.

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For those wondering, Gaetz founded the El Salvador Congressional Caucus in July following his congressional trip to El Salvador to attend President Bukele’s second inauguration.

What’s Important: Bukele-led El Salvador continues to invest in Bitcoin (CRYPTO:BTC) since accepting the world’s largest digital currency as legal tender in 2021.

Just two weeks into his second term, the president proposed the establishment of a Bitcoin bank to diversify financing options for borrowers.

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Similarly, Republican Gaetz is known for his support of the world’s largest cryptocurrency. In June, he proposed a bill that would allow individual federal income tax payments to be made in Bitcoin.

Gaetz, a harsh critic of the Federal Reserve, also backed a bill aimed at abolishing the central bank.

Price Action: At press time, Bitcoin was trading at 56,764.63, up 1.83% in the last 24 hours, according to data from Benzinga Pro.

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This article, Matt Gaetz, Who Proposed a Bill to Collect Federal Income Taxes with Bitcoin, Now Wants Blinken to Drop US Travel Warning on El Salvador, originally appeared on Benzinga.com