Three Democratic senators introduced a new bill that could dramatically affect El Salvador’s Bitcoin plan. Citing human rights abuses, the new proposed legislation targets top El Salvadoran officials, including President Bukele, calling for investigations into the government’s use of cryptocurrency.
Titled ‘The El Salvador Accountability Act of 2025’, the bill Senators Chris Van Hollen (D-MD), Tim Kaine (D-VA), and Alex Padilla (D-CA).
In a press release published today, Senator Van Hollen attacked the El Salvadoran government for “colluding with the Trump Administration, taking American taxpayer dollars to imprison people as part of a scheme to violate their constitutional rights.”
Van Hollen refers to the fact that the current U.S. administration partnered with El Salvador to mass-deport to mass-deport suspected gang members into El Salvador’s high-security prisons, including the notorious CECOT facility.
The move generated a lot of controversy in the U.S., as critics argued it circumvented due process protections and potentially violated the constitutional rights of individuals deported from U.S. soil.
The ‘The El Salvador Accountability Act of 2025’ bill would impose sweeping sanctions on President Bukele, including asset freezes, visa bans, and restrictions on access to U.S. financial institutions. It also directs the State Department and Treasury to investigate the nation’s Bitcoin holdings and whether those have been used to evade international sanctions.
The bill would impose asset freezes, visa bans, and financial restrictions on Bukele, Vice President Félix Ulloa, and key cabinet members. It also blocks U.S. funding and instructs U.S. representatives at international financial institutions to oppose loans to El Salvador until the administration meets human rights benchmarks.
Senator Kaine added, “President Bukele may think he has a friend in President Trump, but he should know that Americans will not tolerate his efforts to undermine the rule of law and democratic institutions.”
As of today, El Salvador holds 6,089 BTC, worth around $663 million. The nation owns the sixth-largest Bitcoin state treasury, behind the U.S., China, the U.K., Ukraine, and Bhutan.
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