Phyrex
Phyrex|Jul 08, 2025 18:35
In June 2025, Democratic senators in the United States proposed the HB 2058 bill, which targets Salvadoran President Nayib Bukele and his Bitcoin policy. The bill requires the US State Department to submit a report on whether cryptocurrency has been used as a tool for corruption in the Bukele regime. Focus on investigating the total amount of funds used to purchase BTC in El Salvador, government controlled Bitcoin addresses, and whether there is any misappropriation or opaque flow of funds. And whether there is any behavior of using BTC to evade international sanctions. I know many friends may wonder why it's the turn of the United States to manage when this is clearly El Salvador's own business? In fact, since El Salvador declared BTC a legal tender in 2021, the United States has been extremely wary of the government. On the one hand, BTC, as a payment, actually bypasses the US dollar settlement system. It should be noted that BTC is not controlled by Swift, and the United States is concerned that it may become a channel for gray funds or terrorism. On the other hand, the United States is also concerned that if El Salvador succeeds, more underdeveloped countries may follow suit. This will further weaken the position of the US dollar. In addition, I actually feel that this is not Trump's style. The communication between Trump and Bukker is quite good. In particular, BTC as a strategic reserve is somewhat similar to that of El Salvador. So this time, it should be the Democratic Party, not to attack BTC in essence, but more to extend the hegemony of the US dollar.
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