by Acting President Claudia Rodríguez de Guevara, the first female head of state for El Salvador, took office on Dec. 1 and is expected to serve until June 2024.
El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin BTC
$38,777
as legal tender in the country, has stepped down from office to campaign.
On Dec. 1, Bukele resigned as the President of El Salvador following approval from the country’s
Legislative Assembly, allowing him to take a leave of absence to focus on his 2024 re-election
campaign. He was succeeded by Acting President Claudia Rodríguez de Guevara, who is expected
to serve until June 2024. The next general election will take place in February 2024.
“Current state of democracy in El Salvador: the office of the President of the Republic will be
occupied by a person for whom no one has ever voted,” said Héctor Silva, candidate for the mayor’s office of San Salvador, on X.
Bukele, who first took office in June 2019, quickly became known for his attempts to reduce the
homicide rate in El Salvador — one of the highest in the world at the time — as well as his pro-crypto policies. He advocated for the Salvadoran government to adopt Bitcoin as legal tender in
September 2021 and pushed for the creation of a volcano-powered ‘Bitcoin City’ in the country.
