{"id":183451,"date":"2023-10-30T08:45:09","date_gmt":"2023-10-30T03:15:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183451"},"modified":"2023-10-30T08:45:09","modified_gmt":"2023-10-30T03:15:09","slug":"el-salvador-pro-bitcoin-president-nayib-bukele-launches-re-election-bid-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/el-salvador-pro-bitcoin-president-nayib-bukele-launches-re-election-bid-crypto-news\/","title":{"rendered":"El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid – Crypto News"},"content":{"rendered":"
\n

El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country\u2019s upcoming 2024 presidential election in February.<\/p>\n

Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-election.<\/p>\n

\u201cFive more [years], five more and not one step back,\u201d Bukele said in a speech in front of thousands of El Salvadorans. \u201cWe need five years to continue improving our country,\u201d he added.<\/p>\n

\n

| \u00daLTIMA HORA: Al grito de \u201ccinco m\u00e1s, cinco m\u00e1s y ni un paso atr\u00e1s\u201d Nayib Bukele da su discurso delante de miles de Salvadore\u00f1os luego de inscribir su candidatura presidencial para la reelecci\u00f3n. \u201cNecesitamos 5 a\u00f1os para seguir mejorando nuestro pa\u00eds.\u201d pic.twitter.com\/ApaP8yyQBm<\/a><\/p>\n

\u2014 Eduardo Menoni (@eduardomenoni) October 27, 2023<\/a><\/p><\/blockquote>\n

Bukele rose to power in 2019 when his political party, Neuva (New) Ideas, broke three decades of two-party dominance between the Nationalist Republican Alliance and the Farabundo Mart\u00ed National Liberation Front (FMNLB).<\/p>\n

However, despite his popularity among the local population, critics such as El Salvadoran lawyer Alfonso Fajardo maintain that the country\u2019s constitution prohibits Bukele isn\u2019t eligible to seek a second consecutive term.<\/p>\n

\u201cToday is a good day to remember that immediate presidential re-election is prohibited up to 7 times by the Constitution,\u201d he said on Oct. 26.<\/p>\n

\n

Nayib Bukele is running for reelection in El Salvador despite the fact that it\u2019s prohibited in 7 articles of the constitution. The constitution drafted after our peace accords, after our bloody civil war. This is unconstitutional. https:\/\/t.co\/ordgib7WMq<\/a><\/p>\n

\u2014 Daniel Alvarenga (@puchicadanny) October 27, 2023<\/a><\/p><\/blockquote>\n

However, in September 2021, El Salvador\u2019s Supreme Court ruled<\/a> that presidents can run for consecutive elections.<\/p>\n

New Ideas is backed by 70% of the country\u2019s voting population, according<\/a> to Reuters, which cited a study by an El Salvadoran university. Its closest competitor only received 4% of the total votes.<\/p>\n

One of New Ideas\u2019 competitors, FMNLB, filed a lawsuit in June 2021 claiming Bukele\u2019s Bitcoin adoption program<\/a> is unconstitutional. However, that complaint made little ground as Bukele and El Salvador made Bitcoin legal tender<\/a> three months later September 2021.<\/p>\n

The Bukele government has also implemented other tech-friendly policies<\/a> aimed at strengthening the country\u2019s economy, such as eliminating all taxes on technological innovations.<\/p>\n

Gabor Gurbacs, a VanEck strategy advisor, recently said that El Salvador has the potential<\/a> to become the \u201cSingapore of the Americas.\u201d<\/p>\n

Related: <\/em><\/strong>El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor <\/em><\/strong><\/a><\/p>\n

Much of Bukele\u2019s popularity comes from his heavy-handed crackdown against MS-13, a multi-national gang which contributed towards El Salvador recording<\/a> the highest homicide rates in the world six years ago.<\/p>\n

As a result of the crackdown, El Salvador’s homicide rate has fallen<\/a> a staggering 92.6% from its peak of 106 per 100,000 inhabitants in 2015 to 7.8 in 2022. It now boasts one of the lowest crime rates in Latin America.<\/p>\n

However, the United Nations and other critics argue<\/a> El Salvador breached human rights laws by imprisoning 65,000 without affording them legal rights to defend themselves.<\/p>\n

El Salvador\u2019s presidential election will take place on Feb. 4, 2024.<\/p>\n

Magazine:<\/em><\/strong> <\/em><\/strong>What it\u2019s actually like to use Bitcoin in El Salvador<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country\u2019s upcoming 2024 presidential election in February. Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-election. \u201cFive more [years], five more and not one step back,\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":183452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-183451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183451"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183451\/revisions"}],"predecessor-version":[{"id":183454,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183451\/revisions\/183454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183452"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}