El Salvador’s President, Nayib Bukele, has submitted the necessary paperwork to run for re-election in the country’s upcoming presidential election in February 2024. Bukele, a strong advocate for Bitcoin, received overwhelming support from the public after being nominated by his party for a second term. In a speech to thousands of Salvadorans, Bukele expressed his desire for “five more years” to continue improving the country. Bukele came to power in 2019, breaking the traditional dominance of the two major parties. Despite his popularity, critics argue that the constitution prohibits him from seeking re-election. However, in September 2021, the Supreme Court ruled that consecutive presidential elections are allowed. Bukele’s party, New Ideas, has the backing of 70% of the country’s voters, making it the dominant political force. One of Bukele’s opponents, the FMNLB, filed a lawsuit claiming that his adoption of Bitcoin as legal tender is unconstitutional, but it had little impact as the program was implemented successfully. Bukele’s government has also implemented tech-friendly policies, such as eliminating taxes on technological innovations, to boost the economy. His popularity is partly attributed to his tough stance against the MS-13 gang, which contributed to high homicide rates in the past. The crackdown has significantly reduced the homicide rate, although there are concerns about human rights violations. The presidential election will take place on February 4, 2024. In other news, a recent data breach in password storage software LastPass has resulted in the theft of $4.4 million worth of cryptocurrencies from 80 wallets. The breach occurred in October 2022 and targeted longtime LastPass users who had stored their crypto wallet keys in the software. LastPass had previously suffered a breach in August 2022, which led to the theft of user credentials and encrypted customer vault data. In a separate incident, it was reported that over $35 million worth of crypto had been stolen from LastPass customer vaults. As a result, users are advised to migrate their crypto assets immediately if they have ever stored their wallet seed or private key in LastPass.