Mexican Senator Indira Kempis Rallies Support For Bitcoin As Legal Tender: 'If El Salvador Could Do It, Surely We Can As Well'

Sen. Indira Kempis is making waves in Mexico’s political landscape with her Bitcoin-focused agenda. The freshman senator is now facing opposition against her Bitcoin bill, indicating its increasing significance.

According to a Decrypt report, Kempis initially gained attention last year for proposing a bill to establish a central bank digital currency (CBDC). Now she’s pushing for Bitcoin to be accepted as legal tender in Mexico.

As a congresswoman from Nuevo León, Kempis became involved with Bitcoin after recognizing the challenges entrepreneurs faced. Her initial bill proposed the Banco de México, or the Central Bank of Mexico, as the sole issuer of digital currency, but was later modified to include Bitcoin following backlash from the crypto community.

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The senator noted that the discussion around Bitcoin has increased since an ATM for the cryptocurrency was installed in the Mexican Senate. Despite facing some opposition, Kempis sees it as a positive sign of progress.

Kempis has announced her intention to run for the presidency in the 2024 elections, with plans to continue her Bitcoin advocacy. She is also committed to educating the legislative branch and the public on the potential benefits of Bitcoin integration.

"If El Salvador could do it, surely we can as well," she said. 

Despite its burgeoning tech scene and tech-savvy population, Mexico remains hesitant about cryptocurrency. The country’s Central Bank, which plays a key role in the legislative process, has yet to express a formal stance on the matter.

As the debate continues, the senator has realistic expectations about Bitcoin’s potential impact on her country. She acknowledges that while cryptocurrency has potential, it’s not a cure-all solution for Mexico’s economic challenges.

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