Briefly
U.S. Democratic senators wish to examine El Salvador’s authorities.
However Salvadoran president Nayib Bukele mocked the politicians’ invoice in a social media submit.
U.S. authorities are involved about alleged crypto corruption within the Central American nation.
El Salvador President Nayib Bukele was defending his nation’s crypto-friendly insurance policies and taunting international leaders once more on X this week, with U.S. Democratic senators being his newest goal.Â
In a pithy X submit on Tuesday, Bukele mocked a invoice submitted by Senators Tim Kaine (Virginia), Chris Van Hollen (Maryland), and Alex Padilla (California) in June to probe his nation’s use of cryptocurrency and contemplate sanctioning him.Â
“HAHAHAHAHAHAHA the Dems are simply salty,” Bukele wrote. Â
The “El Salvador Accountability Act of 2025” proposes investigating the Salvadoran authorities’s cryptocurrency use as a software for “regime corruption.” It could additionally require the nation’s property to be frozen.Â
President Bukele has ceaselessly mocked international authorities on social media up to now, together with the Worldwide Financial Fund and the Venezuelan authorities. The eccentric chief’s response comes as he cozies as much as President Donald Trump, who has controversially used El Salvador’s mega-prison to carry some individuals deported from the US.
Nonetheless, regardless of President Bukele’s budding bromance with Trump, Democrats are urgent for an “evaluation of whether or not Bitcoin or different cryptocurrencies have been utilized in El Salvador as a vector to evade monetary sanctions imposed on different international locations.”
El Salvador in 2021 made Bitcoin authorized tender together with the U.S. greenback. The brand new legislation meant that companies needed to settle for the cryptocurrency if they’d the technological means to take action.

After a tiff with the Worldwide Financial Fund, with whom El Salvador was negotiating a improvement grant, President Bukele agreed to reduce the legislation. Now, companies now not have to just accept the digital asset as fee.
Nonetheless, Bukele—a hardcore Bitcoin supporter—has continued shopping for the cryptocurrency for the nation’s coffers, drawing ire from some international politicians.Â
The Salvadoran authorities was initially opaque about its crypto buys, with blockchain sleuths beforehand simply utilizing Bukele’s cheeky tweets to tally up Bitcoin holdings.
Bukele has since shared a BTC handle that at present holds 6,232 BTC, in accordance to Arkham Intelligence information. That is $690 million price of orange cash at in the present day’s costs. Bitcoin surged to a brand new all-time excessive worth above $112,000 on Wednesday, and has at present settled to a mark simply north of $111,000 per CoinGecko.
Regardless of ongoing exterior criticism that Bukele has created an authoritarian authorities, Bukele stays common. A June ballot from a newspaper within the nation gave him an approval ranking of 8.5 out of 10.
The Salvadoran authorities’s press division did not instantly reply to Decrypt‘s request for remark.
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