Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general.

Bukele shocked many at the Miami conference 2021 and gained international attention when he announced that he would have El Salvador adopt Bitcoin.BTC() is legal tender. Within a week, a supermajority of the Salvadoran Legislative Assembly — most members of Bukele’s own party — had The Bitcoin Law has been passedAll businesses must accept crypto assets as payment along with the United States dollars.