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U.S. Senators Propose Bill Targeting Bukele’s Bitcoin Use in El Salvador

  • U.S. Senators have proposed the “El Salvador Accountability Act of 2025” to investigate how El Salvador's government, led by Bukele, is allegedly using Bitcoin for corruption and to evade sanctions.
  • The bill requires a detailed report examining El Salvador's use of cryptocurrencies, including public funds spent on Bitcoin, identified wallet addresses, and potential circumvention of international sanctions.
  • Key elements of the proposed report include estimating El Salvador's Bitcoin purchases, listing exchanges used, identifying wallet addresses, assessing corruption risks, and investigating possible use of Bitcoin to bypass financial sanctions.
  • The bill, put forward by Senators Van Hollen, Kaine, and Padilla, signifies increased U.S. scrutiny of El Salvador's Bitcoin adoption, following its designation as legal tender in 2021.

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