El Salvador’s legislature has approved major constitutional reforms that will significantly reshape the country’s political structure and electoral timelines.
Proponents of the reforms say the moves will enhance institutional stability, reduce election costs, and attract more foreign investment by providing political continuity. They also claimed the overhaul is designed to “stabilize electoral periods” and reduce what they described as a constant state of political campaigning.
Notably, these amendments come just one year after Bukele secured a second term, despite constitutional provisions that had previously barred immediate re-election.
Since then, the government has built up a strategic Bitcoin reserve and enabled the use of the crypto for daily transactions, tax payments, and public services.
According to her:
“The days of chaos, violence, and despair are gone for good. El Salvador will remain on the path to greatness.”
Meanwhile, Max Keiser, a senior advisor on Bitcoin policy, offered a more radical take on the reforms, saying El Salvador would become the Singapore of Central America under Bukele.
“El Salvador’s governance model follows Bitcoin. It’s not a ‘Democracy,’ it’s Bitcoin Country. It’s a STARTUP NATION — and as I told The New Yorker 3 yrs ago, Bukele is a cross between JFK & Steve Jobs.”
