TechFlow news, July 10 — According to CryptoSlate, U.S. Democratic Senators introduced the "El Salvador Accountability Act" (S.2058), calling for sanctions against El Salvador President Nayib Bukele and members of his government. The bill, proposed by Senators Chris Van Hollen, Tim Kaine, and Alex Padilla, accuses the El Salvador government of violating international human rights standards and misusing Bitcoin.
The bill demands that the Trump administration freeze relevant individuals' assets in the U.S., deny visa issuance, and suspend financial aid. Additionally, the U.S. Secretary of State would be required to submit a detailed report within 90 days of the bill's passage on El Salvador's use of cryptocurrency, including the amount of public funds used to purchase Bitcoin, the exchanges involved, and related wallet addresses.
In response, President Bukele took to social media, suggesting that U.S. lawmakers' attempts at sanctions were driven by impure motives. Notably, Bukele previously enjoyed good relations with President Trump, having been invited to the White House in April this year, and Trump advisors met with him two months later to discuss cryptocurrency cooperation.
