The post Senate Democrats Propose Investigation Into El Salvador’s Bitcoin Use Amid Bukele’s Dismissive Response appeared on BitcoinEthereumNews.com.

Senate Democrats have called for a formal investigation into El Salvador President Nayib Bukele’s controversial use of cryptocurrency, highlighting concerns over potential misuse and financial transparency. President Bukele, a staunch Bitcoin advocate, has publicly dismissed these allegations, continuing to promote his country’s crypto-friendly policies despite mounting international scrutiny. According to COINOTAG, the proposed “El Salvador Accountability Act of 2025” aims to examine whether cryptocurrencies have been exploited to circumvent financial sanctions, signaling heightened geopolitical tensions around digital assets. Senate Democrats push for probe into El Salvador’s crypto policies amid Bukele’s defiant stance and growing Bitcoin holdings, raising questions on financial governance. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Senate Democrats Demand Investigation into El Salvador’s Cryptocurrency Practices In a significant political move, U.S. Senate Democrats introduced legislation targeting El Salvador’s cryptocurrency framework, specifically scrutinizing President Nayib Bukele’s management of Bitcoin as legal tender. The “El Salvador Accountability Act of 2025” seeks to investigate allegations of crypto-enabled regime corruption and proposes freezing Salvadoran assets if wrongdoing is confirmed. This legislative action underscores growing concerns about the intersection of digital currencies and international financial regulations, particularly in nations adopting Bitcoin at a sovereign level. Bukele’s Defiant Response and Crypto Policy Evolution President Bukele has consistently responded to criticism with a mix of humor and defiance, recently mocking the Senate bill on social media. Despite initial mandates requiring businesses to accept…

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Filed under: News - @ July 10, 2025 1:29 am