Miami mayor to accept presidential campaign donations in BTC
- Miami Mayor Francis Suarez, a Republican, announced his candidacy for the 2024 presidential election in June.
- Miami has currently been trending for all the right reasons from Lionel Messi mania to the mayor accepting BTC donations.
- The mayor has also said that he would ban a central bank digital currency (CBDC).
Bitcoin-friendly Miami Mayor Francis Suarez has said that he will accept Bitcoin (BTC) donations for his presidential campaign.
Speaking on a popular media TV outlet, Suarez said:
“Officially, my campaign is accepting bitcoin,” Suarez explained. “This is a process of developing technologies that will create democratising opportunities for wealth creation and will not be manipulated by a human being’s ulterior motives, political goals, and so on.”
According to Suarez, supporters can now donate as little as 0.00034BTC, or the equivalent of $1, at his campaign website.
Suarez’s view on CBDCs
Suarez, who is known to advocate for Bitcoin, has said that he would ban a central bank digital currency (CBDC). He said that people do not want the federal government to know where they have their money and how much money they have.
Suarez launched the MiamiCoin (MIA) in 2021, which he hoped would be used to pay a recurring Bitcoin stimulus (similar to dividends) to Miami citizens.
The mayor has criticized the current US administration led by Joe Biden. Castigating the government, Suarez said:
“The biggest mistake that this administration has made is they don’t understand crypto so they have gone to a regulated-by-enforcement mechanism as opposed to set the ground rules. You have to be able to classify certain digital products, you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets.”