U.S. Senators Introduce Bill to Investigate El Salvador's Alleged Sanctions Evasion Using Bitcoin

On June 12, Democratic members of the U.S. Senate introduced the '2025 El Salvador Accountability Act' (S.2058), aimed at addressing human rights violations and other responsibilities in El Salvador. The bill mandates the U.S. Secretary of State to submit a report on how the Bukele administration is using digital assets, particularly Bitcoin (BTC), for corruption and evasion of sanctions. Specifically, the bill outlines an investigation into the following matters concerning the government of El Salvador: an estimate of the funds invested in purchasing cryptocurrencies such as Bitcoin...