El Salvador and the United States are looking to increase their cryptographic partnership.
Bo Hines, the executive director of the presidential council of advisers of digital assets of the White House, met on Wednesday President Salvadoran Nayib Bukele.
“Assembly Bitcoin superpower came to meet the country Bitcoin Og to discuss areas of mutual interest and a possible collaboration relating to bitcoin, stablecoins and digital assets,” Stacy Herbert, director of the Bitcoin office at El Salvador, told Coindesk Stacy.
“In the coming months, I think we will see extraordinary things happening for both partners following this meeting,” she added, without developing more.
Hines is an important player in Washington with regard to the policy of cryptography, working alongside David Sacks, who presides over the crypto coucil and assumed the role of the AI and the Czar Crypto.
The two countries have come closer since the inauguration of US President Donald Trump in January. Bukele was greeted by Trump at the White House in April, where they discussed the security agreements. El Salvador agreed to take care of some of the illegal immigrants expelled by the United States in the country’s maximum security mega prison, CECOT, built in 2022 in the government’s repression against violent gangs.
The El Salvador Crypto Regulatory Agency, the National Commission for Digital Assets (CNAD), has also already met the Securities and Exchange Commission of the United States in order to establish a cross-border regulatory sandbox. The idea, according to CNAD president, Juan Carlos Reyes, is that the United States is taking advantage of El Salvador’s experience in the regulation of digital assets in order to assess the regulatory approaches rationalized for his own framework.
