ormer El Salvador President Nayib Bukele, known for championing Bitcoin as legal tender, has resigned to focus on his 2024 re-election campaign.

The move was approved by the Legislative Assembly, and Acting President Claudia Rodríguez de Guevara will serve until June 2024. Bukele, in office since June 2019, aimed to reduce El Salvador’s high homicide rate and implemented pro-crypto policies, including the adoption of Bitcoin.

Despite a notable drop in crime, critics accused the government of violating human rights in its anti-gang efforts. Bukele’s push for Bitcoin and plans for a ‘Bitcoin City’ gained international attention.

The transition faced criticism, especially from mayoral candidate Héctor Silva, who highlighted that the replacement for the president was not elected.

The upcoming general election is scheduled for February 2024. Bukele’s resignation signifies a noteworthy shift in the political dynamics of the country.

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