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Salvadoran representative Jaime Guevara today filed a lawsuit against the recently approved Bitcoin Offerings Law. Guevara alleges that the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect the Bukele regime of being behind the representative’s request due to its inability to enforce this new law.
Salvadoran Representative Jaime Guevara Brings Claim Against Bitcoin Law
Jaime Guevara, a representative of the Salvadoran opposition, has requested that the recently approved Bitcoin Offerings Law be unconstitutional. Óscar Artero, co-signer of the lawsuit, agrees with this interpretation and expects the court to repeal the law. According to him, the Bitcoin law does not have a legal basis to rely on. Artero told local media that:
The bitcoin law is looting people’s pockets, it’s tax exempt, they want to force us to trade.
The representative initiated this lawsuit before the presentation of the settlement resulting from the approval of the law. Therefore, no one currently knows the details of the implementation of trading systems.
According to a survey carried out by Camarasal, eight in ten citizens do not receive payments in bitcoin. Therefore, for most Salvadorians, the bitcoin offerings law is a source of concern these days. However, the Supreme Court is unlikely to revoke the law as Nayib Bukele appointed these judges after ousting the elders last May. It was viewed by some in the international community as a coup.
For Guevara, it will be a test of the independence of these judges from the government. The representative said:
“We’re going to put this chamber to the test to see what response they give to the public.”
A job inside
According to other experts, this could be internal work to free Bukele from the responsibilities of the effective implementation of this law. This is what Salvador Anaya, a Salvadoran lawyer, thinks. Anaya said the government did not know how to implement this law and would use Guevara and the new judges to save face.
But Guevara denied the claims, saying he had nothing to do with New Idea, the ruling party. He underlined:
There is a rumor that this servant represents the interests of Nayib Bukele or the majority bank of New Ideas. At no time, categorically, do we represent the interests of this sector, we simply represent the people.
What do you think of the Bitcoin law suit approved in El Salvador? Tell us in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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