Nayib Bukele’s Defense of Crypto Policies in El Salvador

El Salvador President Nayib Bukele defended his country’s crypto-friendly stance and mocked U.S. Democratic senators on X this week regarding a proposed bill targeting his cryptocurrency use.

In a post on Tuesday, Bukele reacted to the “El Salvador Accountability Act of 2025,” which aims to investigate his government’s cryptocurrency practices for potential regime corruption and calls for asset freezing. He wrote, “HAHAHAHAHAHAHA the Dems are just salty.”

The proposed bill, authored by Senators Tim Kaine, Chris Van Hollen, and Alex Padilla, highlights concerns about potential misuse of cryptocurrencies for evading financial sanctions.

El Salvador made Bitcoin legal tender in 2021, alongside the U.S. dollar, mandating businesses to accept it. However, after negotiations with the International Monetary Fund, Bukele scaled back this requirement, allowing businesses to opt-out of accepting Bitcoin.

Despite criticism, Bukele remains a staunch Bitcoin supporter, continuing to purchase the cryptocurrency for the country, currently holding 6,232 BTC worth approximately $690 million. Amidst ongoing controversies, a recent poll shows Bukele enjoys a favorable approval rating of 8.5 out of 10 in El Salvador.