Categories: Bitcoin Latest News

De Guevara Is Bitcoin Country’s Interim President As Bukele Steps Down To Run

Photo Credit: Dirección de Obras Municipales (DOM)

President Nayib Bukele of El Salvador has been granted a special license allowing him to temporarily step down from his presidential role to pursue a second term in the country’s upcoming elections on February 4, 2024. This move aligns with a 2021 Supreme Court ruling and the constitutional interpretation, specifying that Bukele can only seek a second term if he vacates the presidency six months prior to the start of the subsequent presidential term, commencing on June 1, 2024.

Of notable concern to many Salvadorans was Bukele’s security, particularly given his firm approach to combating criminal gangs, making him a potential target for these illicit groups. Addressing these concerns, the legislative assembly has approved his presidential security detail.

In the interim, Claudia Juana Rodríguez de Guevara was appointed the presidential designate. She will serve as the caretaker of the presidency until June 1, 2024. Rodríguez de Guevara has a longstanding professional relationship with Bukele, having held various roles alongside him throughout his career. Her most recent positions include serving as the private secretary of the presidency and as the president of the board of directors of the Municipal Works Directorate.

Despite her extensive background working with Bukele, Rodríguez de Guevara maintains a subtle public profile with minimal presence on social media platforms. As a caretaker, major policy changes during her tenure are unlikely. Her stance on significant issues, such as the country’s policy regarding Bitcoin, remains undisclosed due to the temporary nature of her role. However, given her alignment with Bukele’s past approaches, it’s anticipated that she’ll maintain continuity with the current administration’s direction.

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

BlackRock’s IBIT Faces Record Outflow Run as Bitcoin Struggles to Reclaim Bull Trend

Another $113 million exited on Thursday, putting the fund on track for a sixth week…

26 minutes ago

Crypto Markets Today: Bitcoin Slides to $91K as ETF Outflows Deepen Market Anxiety

Bitcoin’s early week rally unraveled as sharp ETF outflows, aggressive derivatives deleveraging and muted altcoin…

26 minutes ago

A New Era Begins: CFTC Approves Spot Bitcoin On Regulated US Markets

Regulators in Washington on Thursday cleared a major step that lets Americans trade spot Bitcoin…

2 hours ago

Why Bitcoin Traders Fear A Repeat Of July 2024’s Crash Next Week

Bitcoin is again trading under the shadow of a potential yen carry-trade shock as markets…

3 hours ago

Solana, XRP, ETH Extend Losses as Bitcoin’s $91K Support Back in Focus

The one-month chart shows BTC still locked inside a descending structure from early November’s highs,…

5 hours ago

Bitcoin Market Structure Echoes 2022 Bear Start, Glassnode Warns

On-chain analytics firm Glassnode has pointed out how the current Bitcoin market is reminiscent to…

5 hours ago