U.S. Senators Propose Bill Targeting Bukele’s Bitcoin Use in El Salvador
A group of Democratic senators introduced a bill in June that could bring Bitcoin-related sanctions against El Salvador’s President Nayib Bukele.
The legislation, titled the “El Salvador Accountability Act of 2025” (S. 2058), would mandate the U.S. Secretary of State to deliver a comprehensive report on how cryptocurrencies—particularly Bitcoin—are allegedly being used by the Bukele government for corruption and sanction evasion.
The bill outlines specific areas of investigation, requiring a detailed breakdown of El Salvador’s crypto activities.
The proposed report would examine the amount of public funds spent on Bitcoin, identify all known wallet addresses associated with the government, and assess whether digital assets are being used to circumvent international sanctions.
Key elements of the proposed report include:
- An estimate of how much Bitcoin El Salvador has purchased.
- A list of exchanges used for these transactions.
- Wallet addresses where Bitcoin or other cryptocurrencies have been stored.
- Identification of individuals with access to these funds.
- An evaluation of potential corruption risks tied to the government’s use of crypto.
- An investigation into whether Bitcoin is being used to bypass financial sanctions.
The bill—brought forward by Senators Van Hollen, Kaine, and Padilla—marks a significant step in intensifying U.S. scrutiny of El Salvador’s Bitcoin strategy, which has drawn international attention since the country became the first in the world to adopt Bitcoin as legal tender in 2021.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
