US Democratic Senators. UU. They introduced into Congress the bill Accountability Act (S. 2058) which proposes to sanction the Nayib Bukele government and scrutinize the use of Bitcoin (BTC) in El Salvador. This, accusing the ruler and several of his corruption executives, evasion of sanctions and human rights violations.
The proposal, led by Chris van Hollen, Tim Kaine and Alex Padilla, requires a detailed report on Bitcoin’s purchases carried out by the Salvadoran government and, if approved, would order the end of international financial assistance to the country.
The project, presented On June 12, 2025, he would punish Nayib Bukele, his vice president and key ministers with measures such as the blockade of properties in the US, prohibition of visas and limitations to loans.
It would also activate an investigation to determine whether Bitcoin’s transfers, the Bukele government has been involved in acts of corruption or schemes to violate constitutional rights in the US. UU., In alleged plot with the Trump administration. This despite the fact that both sealed an anti -crime alliance.
As detailed by the document of the proposal, in the event that it becomes a law, a 90 -day period of 90 would be activated, to Investigate the amounts, exchanges and purses in which the bitcoin is stored acquired by El Salvador.
American senators show that they are concerned about the exception regime that has already been extended by the government on a consecutive occasions during the last 3 years. They also demonstrate concern about the use of bitcoin and cryptocurrencies as a possible tool to evade international sanctions.
The legislative initiative prohibits funds from Congress to El Salvador until Bukele ceases these practices, with exceptions for humanitarian aid.
The sanctions would last for at least four years, unless the US president certifies compliance with international standards.
As Cryptonoticia has reported, in 2021, Bukele declared Bitcoin as legal tender. However, this year, the ruler signed an agreement with the International Monetary Fund (IMF), and since then, the Central American country eliminated the obligation that local companies accept BTC as a means of payment.
Despite the IMF pressures, El Salvador persists in its Bitcoin accumulation strategy, challenging the conditions of a loan of 1.4 billion dollars. The recent purchase of 8 BTC on July 5, 2025, announced by the Bitcoin National Office, They raised the country’s reserves at 6,229 BTCvalued at about 675,000 million dollars, consolidating the daily acquisition program initiated in 2022.
