El Salvador’s lawmakers approved indefinite reelection and new voting laws, raising concerns about democracy.
- The vote allows President Bukele to stay in power beyond his current term.
- IMF and Bitcoin Office disagree on the country’s BTC activity.
- Despite criticism, Bukele remains popular among Salvadorans.
New Laws Allow Unlimited Reelection
El Salvador’s Congress voted to remove the presidential term limit. The new law passed with support from President Nayib Bukele’s New Ideas Party. It also changes the presidential term to six years and removes runoff voting. Only three lawmakers voted against the reforms.
Opposition Fears Loss of Democracy
Opposition lawmakers say this move gives too much power to the president. Marcela Villatoro from the Nationalist Republican Alliance called the vote “the death of democracy.” Critics say it could lead to corruption and reduce political participation. Still, supporters argue that the changes give power back to the people.
Changes Could End Bukele’s Current Term Early
New Ideas party lawmaker Ana Figueroa suggested ending Bukele’s current term in 2027 instead of 2029. This would align elections and save money. She claims ending runoff voting can save $50 million per election, which could be spent on hospitals and schools.
Bitcoin Policy Creates Confusion
The International Monetary Fund (IMF) says El Salvador hasn’t bought Bitcoin since making a deal in December 2024. But the country’s official Bitcoin Office says the government is still buying 1 BTC per day. A recent update shows El Salvador holds 6,255.18 BTC and added 31 BTC in the last 30 days.
Mixed International Image
El Salvador’s actions have drawn international attention. In June, Bukele’s government was criticized for jailing a human rights lawyer. Despite concerns, his approval rating remains high. Surveys show over 78% support from citizens. At the same time, El Salvador signed a deal with Bolivia’s top bank to help improve crypto infrastructure there.
Source: cointelegraph.com
