If President Bukele’s Bitcoin law is proven unconstitutional in the country’s courts, then El Salvador’s grand plan to promote the adoption of Bitcoin may be overturned.
A group of citizens and the Farabundo Martí National Liberation Front (FMLN) joined forces to file a lawsuit claiming that President Bukele’s Bitcoin adoption plan is unconstitutional.
FMLN legislator Jaime Guevara and citizens including the plaintiff Óscar Artero led the action, who described the country’s Bitcoin laws as “lack of legitimacy and foundation, and did not consider that such laws would cause damage to the country. The importance and harmful effects of “According to a rough translation of the local media world.
Guevara said that the complaint will test the newly appointed Supreme Court Constitutional Court judge.
FMLN in the February legislative elections 7% The vote, and Booker’s new idea established a dominant position with two-thirds of the vote. The second-ranked Nationalist Republican Coalition received nearly 8% of support.
Salvadoran lawyer Enrique Anaya commented that the presidential palace is not clear on how to implement the Bitcoin law. Approved on June 9, And suspected that lawmakers might even file a lawsuit internally.
Guevara stated that “widespread rumors” that the Bitcoin law has advanced the agenda of President Naib Bukler and his Nuevas Ideas party at the expense of the public interest, adding that the lawsuit “only represents the people”.
A kind Polls A survey of 1,600 people conducted by the Salvadoran Chamber of Commerce and Industry between June 11 and 15 indicated that eight in ten Salvadorans did not agree to receive payments and salaries in Bitcoin. On June 16, El Salvador’s Minister of Labour and Social Welfare, Rolando Castro, stated that the country is Not yet ready to use Bitcoin to pay wages.
related: Steve Hank warned that Bitcoin could “completely destroy El Salvador’s economy”
The Bitcoin adoption plan has been opposed by the World Bank, which refuses to assist the country in its transformation, citing “environmental and transparency deficiencies” related to digital assets.
As Cointelegraph reports, even if the Bitcoin law still exists, it still exists Many barriers to mainstream adoption Due to its size limitation, the entire country.
At the time of writing, the price of Bitcoin has fallen by 7% in the past 24 hours and is trading at $32,800.