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Mexico legislator proposes new crypto regulations in House of Representatives

Eduardo Murat Hinojosa

The “Bitcoin Rush” which is somewhat similar to the Gold Rush has begun.


Where adoption and interest moved from institutions to governments and countries.


The President of El Salvador has previously announced that he will propose new regulations to introduce Bitcoin into the country and consider it legal tender.


Shortly after that, a Paraguayan politician pointed out a similar stance on the larger cryptocurrency.


The latest country to join the growing league of countries announcing new legislation on bitcoin is Mexico.


Eduardo Murat Hinojosa, a member of the Mexican legislature announced hours ago that he would propose a legal framework in the House of Representatives to establish legal frameworks for the crypto market.

 Bitcoin has taken off on this rising season of adoption, following an increase in public interest and adoption by institutions, Wall Street hedge funds, and Fortune 500 companies.


Now, El Salvador has sparked a bitcoin adoption frenzy among many South American countries.


The only thing these politicians from different Central and South American countries have in common is that they share “laser eyes” on their Twitter account photos.


Laser Eyes Bitcoin meme became popular earlier this year as the majority of Bitcoin supporters changed their profile picture to be radiant with red laser eyes.


As of the time this article was published, El Salvador has been joined by Argentina, Paraguay, and now Mexico.


But Bitcoin, in its recent movement, is not much interested in the positive news announced here and there, as it continues to decline and its price is estimated at the time of publishing this article at $ 31,800.

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