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Bukele Mocks Senate Sanctions Bill as He Boosts Bitcoin Stockpile

The proposed legislation aims to freeze U.S. assets for Salvadoran officials accused of rights abuses under a state of emergency.

Latin America El Salvador Nayib Bukele president trump bitcoin
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President of El Salvador Nayib Bukele takes part in a wreath-laying ceremony to pay homage to Argentine national hero General Jose de San Martin as part of a visit to Argentina at San Martin square on September 30, 2024 in Buenos Aires, Argentina. (Tomas Cuesta/Getty)

Overview

  • The El Salvador Accountability Act of 2025, introduced by Senators Van Hollen, Kaine and Padilla, proposes visa restrictions and asset freezes on President Bukele and senior officials over alleged human rights violations.
  • The bill mandates a report to Congress by the U.S. secretary of state on the use of cryptocurrency by Salvadoran authorities for corruption and sanctions evasion.
  • It directs U.S. financial institutions to oppose loans or assistance to El Salvador except for humanitarian purposes.
  • On July 9, President Bukele ridiculed the measure on Twitter as “salty,” dismissing its critics in the U.S. Senate.
  • Despite growing international scrutiny, Bukele’s administration has continued expanding its Bitcoin reserves to over 6,200 BTC while maintaining strong domestic support.