Bukele Likely To Step Down As President To Seek A Second Term

In recent weeks, the Salvadoran media has been abuzz with speculation that Bitcoin Country President Nayib Bukele will step down from his current role to pursue a second term in office. This move hinges on obtaining a special license from the Salvadoran Legislative Assembly, a process that requires three-quarters approval from the body. Previously, it was widely believed that Salvadoran presidents were limited to a single five-year term. However, a landmark Supreme Court ruling has opened the door to the possibility of a second term, provided the incumbent steps down at least six months before the next presidential term commences on June 1, 2024.

The Constitutional Framework

The Supreme…

Read more on BitcoinMagazine

18.7K Reads