10-7-2025 – El Salvador President Nayib Bukele ridiculed a U.S. Senate bill targeting his country’s cryptocurrency policies this week, responding to proposed sanctions with a dismissive “HAHAHAHAHAHAHA the Dems are just salty” on social media platform X.

The “El Salvador Accountability Act of 2025,” introduced by Democratic Senators Tim Kaine, Chris Van Hollen, and Alex Padilla in June, seeks to investigate El Salvador’s cryptocurrency activities for potential “regime corruption” and consider asset freezes. The legislation calls for assessment of whether Bitcoin has been used to circumvent international financial sanctions.

Bukele’s defiant response underscores his continued commitment to Bitcoin despite mounting international pressure. El Salvador became the first nation to adopt Bitcoin as legal tender in 2021, though the requirement for businesses to accept the cryptocurrency was later scaled back following tensions with the International Monetary Fund. The country’s Bitcoin treasury now holds 6,232 BTC worth approximately $690 million, according to Arkham Intelligence data shared through Bukele’s verified wallet address.

The timing of Bukele’s pushback comes as Bitcoin reaches new heights, surging above $112,000 this week before settling near $111,000. Despite criticism from foreign officials and accusations of authoritarian governance, Bukele maintains strong domestic support with an 8.5 out of 10 approval rating in recent polling.