Rebelotte for this bitcoiner – In September 2021, Nayib BukelePresident of El Salvador, gave legal tender to the Bitcoin (BTC), king of cryptocurrencies. Fan of BTC, divisive and controversial character, Nayib Bukele confirmed, not without breaking some historical laws of his country, represent oneself President of El Salvador in 2024.
Bitcoin, a second time in the presidential elections
It was therefore in a publicized crowd that bitcoiner made its announcement on September 15, 2022, El Salvador’s Independence Day. However, this announcement brought to the surface some issues that taint the image of the BTC-loving president.
Indeed, our colleagues from The Block inform us that originally the legislation from El Salvador prohibited to a president of represent oneself immediately. However, the same month Bitcoin was adopted as legal tender, the then-freshly re-elected Constitutional Chamber of the Supreme Court of El Salvador reversed the law. The Supreme Court thus took the decision, not without suspecting a influence of Nayib Bukele in this reversal of the situation, to authorize the presidents to serve two consecutive terms.
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Nayib Bukele: a controversial bitcoiner president
Beyond thebitcoin adoption implemented in his country, Nayib Bukele is also at the initiative of the Bitcoin City. This tax haven in the making, subject to controversy, is the symbol of a lack of transparency suspected in the management of Salvadoran funds.
Thus, after the enthusiasm of first love in the face of a president bitcoiner, we discover the hidden face of Nayib Bukele. A proud defender of its beloved dollar, the US government has already expressed its annoyance at Nayib Bukele’s somewhat arbitrary decision. Indeed, in his press statement “Salvadoran re-election decision undermines democracy”published at the time, he said:
“The United States government condemns the September 3 decision of the Constitutional Chamber of the Supreme Court of El Salvador, which authorized immediate presidential re-election in violation of the Salvadoran constitution. The Salvadoran constitution explicitly prohibits presidential incumbents from being re-elected for a consecutive term. »
Caution is therefore in order as to the enthusiasm to be had in the face of Nayib Bukele’s declaration, Bitcoin not excusing and not allowing everything. The US government reaction is waiting again, while for his part, the president of El Salvador, true to himself, continues to build his land of welcome for Bitcoin, which recently celebrated his very first year.
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