De Guevara Is Bitcoin Country’s Interim President As Bukele Steps Down To Run
Photo Credit: Dirección de Obras Municipales (DOM) President Nayib Bukele of El Salvador has been granted a special license allowing him to temporarily step down from his presidential role to pursue a second term in the...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
President Nayib Bukele of El Salvador has been granted a special license allowing him to temporarily step down from his presidential role to pursue a second term in the country's upcoming elections on February 4, 2024. This move aligns with a 2021 Supreme Court ruling and the constitutional interpretation, specifying that Bukele can only seek a second term if he vacates the presidency six months prior to the start of the subsequent presidential term, commencing on June 1, 2024.
Of notable concern to many Salvadorans was Bukele's security, particularly given his firm approach to combating criminal gangs, making him a potential target for these illicit groups. Addressing these concerns, the legislative assembly has approved his presidential security detail.
In the interim, Claudia Juana Rodríguez de Guevara was appointed the presidential designate. She will serve as the caretaker of the presidency until June 1, 2024. Rodríguez de Guevara has a longstanding professional relationship with Bukele, having held various roles alongside him throughout his career. Her most recent positions include serving as the private secretary of the presidency and as the president of the board of directors of the Municipal Works Directorate.
Despite her extensive background working with Bukele, Rodríguez de Guevara maintains a subtle public profile with minimal presence on social media platforms. As a caretaker, major policy changes during her tenure are unlikely. Her stance on significant issues, such as the country's policy regarding Bitcoin, remains undisclosed due to the temporary nature of her role. However, given her alignment with Bukele's past approaches, it's anticipated that she'll maintain continuity with the current administration's direction.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
EU Securities Regulator Wants Crypto Platforms to Wind Down Non-MiCA Stablecoin Services
The European Securities and Markets Authority (ESMA) issued an opinion dated Oct. 8 saying licensed crypto platforms should stop s...
Bitcoin Rebounds Above $81,000 After Trump Rules Out Iran Strikes Before Midterms
Crude retreated around the president's statement, but bitcoin remained down 1.9% over 24 hours in late trading.... Read the full s...
Polymarket Gives Dems 62% Midterm Sweep Odds, CLARITY Act in Jeopardy
Prediction markets are flashing warning signs for the cryptocurrency industry ahead of the Nov. 3 midterms. Polymarket gives Democ...
Stealing $1.5B in crypto is easy, cashing out is the trap
North Korean hackers stole around $1.5 billion from Bybit in February 2025. While the hack itself has been widely covered and anal...
Abstract's ETH Withdrawals Depend on Operators Ahead of Dec. 15 Shutdown
L2BEAT data showed about $17.1 million in canonically bridged ETH; the wind-down plan sets out no independent exit after Dec. 15.....
Ethereum open interest drops 11.7% to lowest level since June 2026
The decline in Ethereum open interest suggests a cautious market sentiment, potentially reducing volatility but indicating bearish...