According to BeInCrypto, the Nationalist Republican Alliance (ARENA) of El Salvador has nominated Maytee Iraheta, and the Farabundo Martí National Liberation Front (FMLN) has nominated Rafael Aguirre, for the 2027 presidential election; both candidates oppose Bukele’s Bitcoin strategy. El Salvador revoked Bitcoin’s legal tender status in February 2025 following a $1.4 billion loan agreement with the IMF, making the U.S. dollar the sole official currency, though the government continues its daily purchase of approximately one Bitcoin, bringing its total holdings to around 7,730 BTC as of July 27.
Salvadoran opposition candidates oppose Bukele’s Bitcoin strategy
AiCoinShare
Summary
Bitcoin breaking news: El Salvador’s National Republican Alliance (ARENA) has selected Maytee Iraheta, while the FMLN has chosen Rafael Aguirre as their 2027 presidential candidates—both oppose President Bukele’s Bitcoin strategy. In February 2025, El Salvador revoked Bitcoin’s legal tender status following a $1.4 billion IMF loan, reverting to the U.S. dollar. The government continues to purchase approximately 1 Bitcoin daily, holding 7,730 BTC as of July 27. Bitcoin-related developments in the region continue to unfold.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.