Sec. 5. Report on cryptocurrency as a vector for Bukele regime corruption
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Not later than 90 days after the date of the enactment of this Act, the Secretary of State, in consultation with the Secretary of the Treasury, shall submit to the appropriate congressional committees a report on the actions of officials of the Government of El Salvador, including President Nayib Bukele, to use cryptocurrency as a mechanism for gross corruption, graft, and sanctions evasion. The report required by subsection
(a)shall include— an estimate of the amount of funds used by the Government of El Salvador to buy Bitcoin and other cryptocurrencies; a list of exchanges through which the Government of El Salvador bought Bitcoin and other cryptocurrencies; the addresses of the locations where the Government of El Salvador deposited Bitcoin and other cryptocurrencies; a list of individuals who have access to the Bitcoin and other cryptocurrencies bought by the Government of El Salvador; an assessment of existing gaps in the use of Bitcoin and cryptocurrencies by the Government of El Salvador being exploited for corruption; and an assessment of whether Bitcoin or other cryptocurrencies have been used in El Salvador as a vector to evade financial sanctions imposed on other countries. The report required by subsection
(a)shall be submitted in unclassified form, but may include a classified annex. The unclassified portion of the report required by subsection
(a)shall be made available to the public on a publicly accessible internet website of the Department of State.