Corbin Keegan, the self-proclaimed first citizen of El Salvador's ambitious Bitcoin City project, has temporarily returned to the United States after an extended wait for the construction of the settlement. The project, initially announced by President Nayib Bukele in November 2021, has been plagued by delays and regulatory hurdles. Despite receiving regulatory approval for the Volcano Bonds, which were intended to fund the construction of Bitcoin City, the bonds have yet to be issued.

Keegan's return to the United States highlights the significant challenges faced by the Bitcoin City project. The project's infrastructure proposal, which aimed to create a futuristic city centered around Bitcoin, has been stalled for over two years. The lack of progress has left many wondering whether the project will ever come to fruition.

The delay in issuing the Volcano Bonds, which were originally planned for the first quarter of 2024, has further exacerbated the issue. The bonds were intended to provide the necessary funding for the construction of Bitcoin City, but their delayed issuance has left the project in limbo. The situation has raised concerns about the viability of the project and the potential impact on the local economy.

Despite the challenges, the Bitcoin City project remains a significant undertaking for El Salvador. The project's potential to attract tourists and investors, as well as its ability to create jobs and stimulate economic growth, make it an important initiative for the country. However, the project's delay has left many wondering whether it will ever become a reality.

As the situation continues to unfold, it remains to be seen whether the Bitcoin City project will ultimately succeed. The delay in issuing the Volcano Bonds has raised significant concerns about the project's viability, and Keegan's return to the United States has left many wondering about the future of the project. Despite the challenges, the project's potential to transform El Salvador's economy and attract international attention makes it an important initiative that warrants continued attention and support.