El Salvador and the United States seek to increase their crypto partnership.
Bo Hines, CEO of the White Huss Presidents Council for Digital Assets Consultants, met with Salvadoran President Nayib Bukele on Wednesday.
“The hopeful Bitcoin superpower came to meet and Bitcoin country to discuss areas of mutual interest and possible cooperation on Bitcoin, StableCoins and digital assets,” Stacy Herbert, director of El Salvador’s Bitcoin office, told Coindesk.
“Over the coming months, I think we will see some extraordinary things happen to both partners as a result of this meeting,” she added without elaborating further.
Hines is an important player in Washington when it comes to cryptopolitics working with David Sacks, who is chairman of the Cryptor Council and assumed the role of AI and Crypto Czar.
The two countries have come closer since US President Donald Trump’s inauguration in January. Bukele was welcomed by Trump in the White House in April, where they discussed security agreements. El Salvador has agreed to take custody of some of the illegal immigrants deported by the United States in the country’s maximum security mud prison, Cecot, built in 2022 as part of the government’s crash on violent gangs.
El Salvadors Crypto Regulation Agency, National Commission of Digital Assets (CNAD), has also already met the US Securities and Exchange Commission (SEC) for the purpose of establishing a cross -border regulatory sandbox. The idea, according to CNAD president Juan Carlos Reyes, is that the United States benefits from El Salvador’s experience of regulating digital assets for evaluating streamlined legislative approaches to his own framework.