A group of Senate Democrats has proposed a bill aimed at sanctioning President Nayib Bukele and his close associates while initiating a forensic investigation into El Salvador's Bitcoin policies. Introduced on June 12 by Senators Chris Van Hollen, Tim Kaine, and Alex Padilla, the El Salvador Accountability Act of 2025 (S. 2058) is currently under review by the Senate Foreign Relations Committee. The legislation seeks to impose economic sanctions under the International Emergency Economic Powers Act, freezing assets of thirteen Salvadoran officials, including Bukele, and revoking their visas. It also mandates U.S. representatives at international financial institutions to oppose new loans to El Salvador. A key aspect of the bill requires the Secretary of State to report on the government's use of cryptocurrency for corruption and sanctions evasion within 90 days. The sponsors argue that the sanctions are a necessary human rights measure, citing the detention of thousands without due process. Bukele responded mockingly on social media, while the bill's future remains uncertain in Congress. Read more AI-generated news on: https://app.chaingpt.org/news

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