'Just Salty': El Salvador President Bukele Mocks Senate Democrats Over Bitcoin Scrutiny
2025-07-09 21:32:14
Main Idea
U.S. Democratic senators propose investigating El Salvador's government over its crypto-friendly policies, while President Nayib Bukele mocks the move and continues to support Bitcoin, which has surged to a new all-time high price.
Key Points
1. El Salvador President Nayib Bukele mocked a bill submitted by U.S. Democratic senators that proposes investigating his government's crypto policies and freezing its assets.
2. The 'El Salvador Accountability Act of 2025' targets Bukele's administration, which made Bitcoin legal tender in 2021, though businesses are no longer required to accept it.
3. Bitcoin hit a new all-time high price above $112,000, with Bukele's government holding 6,232 BTC worth approximately $690 million.
4. Bukele remains popular in El Salvador, with a June poll showing an approval rating of 8.5 out of 10.
5. A U.S. Senate hearing discussed concerns about the crypto industry self-regulating, with a Trump ally comparing it to a 'spilled urine sample.'
Description
Senate Democrats want an investigation into Salvadoran president Nayib Bukele's use of crypto. The popular leader finds it hilarious.
Latest News
- Trump’s Truth Social Teases Upcoming Utility Token, Shills ‘Patriot’ Subscription2025-07-10 04:11:37
- DeFi Lender Deploys $1M for Student Loans to the Philippines, Indonesia—But at What Cost?2025-07-10 02:07:05
- Judge Recommends Dropping Logan Paul’s Ex-Assistant From 'CryptoZoo' Lawsuit2025-07-10 00:24:06
- Emirates Airline Adding Crypto Payments, Years After Teasing Bitcoin Plans2025-07-10 00:12:11
- Bitcoin Treasury Firm Thumzup Considering Dogecoin, XRP Buys as Trump Jr. Invests2025-07-09 22:37:21