The esteemed members of the United States Senate have proposed a bill, titled the “El Salvador Accountability Act of 2025” (S. 2058), which shall require the U.S. Secretary of State to deliver a comprehensive report on the alleged use of cryptocurrencies, particularly Bitcoin, by the Bukele government for corruption and sanction evasion.
The bill outlines specific areas of investigation, demanding a detailed breakdown of El Salvador’s crypto activities. The proposed report shall 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. Will Bukele’s crypto escapades be unveiled? Stay tuned for more 🕵️♀️💸
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2025-07-08 23:26