In a surprising development, El Salvador’s ruling party has approved a constitutional reform allowing President Nayib Bukele to potentially serve another term. This development is expected to have significant implications for the country’s Bitcoin ambitions, given Bukele’s pro-crypto stance.
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El Salvador’s President Gets a Green Light
Recent reports reveal that El Salvador’s President Nayib Bukele is set to remain in power beyond his current term after the country’s legislature approved constitutional reforms. The amendments passed on Thursday allow for indefinite presidential reelection, extend presidential terms from 5 to 6 years, and eliminate runoff elections.
Interestingly, Bukele’s New Ideas party passed a package of five reforms with a 57-3 vote, paving the way for significant changes in El Salvador’s governance. While Bukele seemed doubtful about the need for constitutional reform, he dodged questions on whether he’d pursue a third term.
Addressing President Bukele, lawmaker Ana Figueroa, who proposed the bill, stated,
This is quite simple, El Salvador: only you will have the power to decide how long you wish to support the work of any public official, including your president. You have the power to decide how long you support your president and all elected officials.
Nayib Bukele took office for his second presidential term on June 1, 2024. He spearheaded the country’s Bitcoin accumulation strategy, increasing its BTC holdings to 6,246.
However, not everyone supported the move. Opposition Republican National Alliance (ARENA) legislator Marcela Villatoro condemned, “Today, democracy has died in El Salvador.” Noah Bullock, executive director of Cristosal, a human rights group, criticized the government’s actions. He stated,
The day before vacation, without debate, without informing the public, in a single legislative vote, they changed the political system to allow the president to perpetuate himself in power indefinitely and we continue to follow the well-traveled path of autocrats.
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How Bukele’s Extended Term Could Impact Bitcoin Ambitions
Nayib Bukele is one of the leading global advocates for Bitcoin. He pioneered the adoption of Bitcoin as legal tender in 2021, making El Salvador the world’s first country to recognize it as official currency.
Under his leadership, El Salvador is accumulating Bitcoin despite restrictions from the International Monetary Fund (IMF). Recently, the Bitcoin Office announced that the country is continuing its daily accumulation strategy, purchasing 1 Bitcoin every day.
Notably, Bukele’s extended term is expected to provide stability and continuity for El Salvador’s Bitcoin strategy. It may allow the country to maintain its momentum in crypto adoption and accumulation. With a clear vision for Bitcoin’s role in the economy, the country could attract more crypto-related investments and other developments.
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Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
Just-In: El Salvador’s Bukele Re-elected As President
In a surprising development, El Salvador’s ruling party has approved a constitutional reform allowing President Nayib Bukele to potentially serve another term. This development is expected to have significant implications for the country’s Bitcoin ambitions, given Bukele’s pro-crypto stance.
Advertisement Advertisement
El Salvador’s President Gets a Green Light
Recent reports reveal that El Salvador’s President Nayib Bukele is set to remain in power beyond his current term after the country’s legislature approved constitutional reforms. The amendments passed on Thursday allow for indefinite presidential reelection, extend presidential terms from 5 to 6 years, and eliminate runoff elections.
Interestingly, Bukele’s New Ideas party passed a package of five reforms with a 57-3 vote, paving the way for significant changes in El Salvador’s governance. While Bukele seemed doubtful about the need for constitutional reform, he dodged questions on whether he’d pursue a third term.
Addressing President Bukele, lawmaker Ana Figueroa, who proposed the bill, stated,
Nayib Bukele took office for his second presidential term on June 1, 2024. He spearheaded the country’s Bitcoin accumulation strategy, increasing its BTC holdings to 6,246.
However, not everyone supported the move. Opposition Republican National Alliance (ARENA) legislator Marcela Villatoro condemned, “Today, democracy has died in El Salvador.” Noah Bullock, executive director of Cristosal, a human rights group, criticized the government’s actions. He stated,
Advertisement Advertisement
How Bukele’s Extended Term Could Impact Bitcoin Ambitions
Nayib Bukele is one of the leading global advocates for Bitcoin. He pioneered the adoption of Bitcoin as legal tender in 2021, making El Salvador the world’s first country to recognize it as official currency.
Under his leadership, El Salvador is accumulating Bitcoin despite restrictions from the International Monetary Fund (IMF). Recently, the Bitcoin Office announced that the country is continuing its daily accumulation strategy, purchasing 1 Bitcoin every day.
Notably, Bukele’s extended term is expected to provide stability and continuity for El Salvador’s Bitcoin strategy. It may allow the country to maintain its momentum in crypto adoption and accumulation. With a clear vision for Bitcoin’s role in the economy, the country could attract more crypto-related investments and other developments.
Advertisement
✓ Share:
Trending
Price Analysis
BlackRock Presence at Ripple Swell 2025 Sparks XRP ETF Rumors
Metaplanet Seeks $3.7B Funding- Another Large Bitcoin Purchase?
XRP Lawsuit Update: Ripple’s $125M Penalty Still In Escrow, Not Paid to Treasury Yet
Breaking: Solana ETFs Near Launch as Issuers Update S-1s With Fund Fees
Dogecoin Price Set For Next Leg Up Amid 310M Whale Buying Spree, Predicts Analyst
Pi Coin Price Prediction As Open Interest Divergence Hints Recovery- What’s Ahead $0.5 Or $0.32?
HBAR Price Prediction – Will White House Recognition and ETF Speculation Fuel Breakout from $0.38 Level?
XRP Price Prediction- RLUSD Volumes on Aave Hit ATH As Bulls Eye Rally to $5
Bitcoin Price Nears Bollinger Bands Squeeze Ahead of US Tariff Deadline
Pi Coin Price at Risk As Whale Profit-Taking Soars — Is Another Crash Coming?
 Best Crypto Presales To Invest In August 2025 – Top Upcoming Presale Tokens
 Best Crypto AI Trading Bots In 2025
 Top Meme Coins To Buy In August 2025
 Nynu V Jamal
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.
Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.
Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.