Human

Future

United

Bitcoin

Read

In a significant political development, <a href="https://coingape.com/he-called-for-an-investigation-against-us-nayib-bukele-on-senator-menendezs-arrest/" rel="noopener noreferrer nofollow">Nayib Bukele</a>, President of El Salvador, resigned. On December 1, following approval from the Legislative Assembly, Bukele stepped down to dedicate his efforts to his 2024 re-election campaign. He is succeeded by Acting President Claudia Rodríguez de Guevara, who will hold office until June 2024, ahead of the general election in February 2024.
<h2 id="strong-nayib-bukele-s-tenure-and-policies-strong">Nayib Bukele’s Tenure and Policies</h2>
Elected in June 2019, Bukele’s presidency has been marked by notable actions, particularly in cryptocurrency and public safety. His tenure saw the introduction of <a href="https://coingape.com/el-salvador-creates-history-by-integrating-bitcoin-as-legal-tender-buys-21-million-in-btc/" rel="noopener noreferrer nofollow">Bitcoin as legal tender </a>in September 2021, a groundbreaking move in the global financial landscape. Additionally, Bukele spearheaded the concept of a ‘Bitcoin City’ powered by <a href="https://coingape.com/breaking-el-salvador-starts-bitcoin-mining-using-volcanic-energy/" rel="noopener noreferrer nofollow">volcanic energy</a>, underscoring his commitment to integrating cryptocurrency into national development.
Bukele’s administration also focused on reducing El Salvador’s high homicide rates. Under his leadership, there was a significant decline in these rates, though criticisms have marred this achievement. Human rights violations, including mass detentions and mistreatments in custody, have been reported by the United Nations human rights office, casting a shadow on the administration’s approach to curbing gang activities.
<h2 id="strong-constitutional-changes-and-future-prospects-strong">Constitutional Changes and Future Prospects</h2>
The political landscape of El Salvador underwent a pivotal change under Bukele’s administration. Before September 2021, the country’s constitution mandated a ten-year gap before a president could seek re-election. However, a Supreme Court ruling altered this, allowing a president to serve two consecutive terms. This change paves the way for Bukele’s potential immediate return to office should he win the 2024 election.
Bukele’s resignation and subsequent campaign efforts have elicited mixed reactions. Critics, like mayoral candidate Héctor Silva, express concerns over democracy, citing the unprecedented nature of an unelected acting president. Supporters, however, view Bukele’s move as a strategic step towards securing a second term, highlighting his popularity and the transformative policies during his tenure.
Read Also: <a href="https://coingape.com/nayib-bukele-clears-team-bitcoin-el-salvador-to-visit-argentina/" rel="noopener noreferrer nofollow">Nayib Bukele Clears ‘Team Bitcoin El Salvador’ To Visit Argentina: Max Keiser</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/president-nayib-bukele-resigns-to-focus-on-re-election-bid/">President Nayib Bukele Resigns to Focus on Re-election Bid</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

President Nayib Bukele Resigns to Focus on Re-election Bid

Table of Contents

Coingape News Media

Other articles published on Dec 2, 2023

Web3 is a Dead Space Full of Games And Investments By Companies

Bitcoin Price Will Rise: Analysts Predict 90% Chance of ETF Approval in January

NFTs will remain a permanent fixture in society | Opinion

BLUR’s Price Drops After Whale’s $894K Sale, LINK Climbs 6+%

Tether CEO Unveils Future Plans and Diversification Strategies

Coinbase Announces Polygon (MATIC) And Bitcoin Cash (BCH) Perpetuals

Join our free newsletter for daily crypto updates!