Miami Mayor Becomes First U.S. Politician to Request Salary in Bitcoin -Breaking
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Miami Mayor Becomes First U.S. A Bitcoin-based politician will request a salary.Frances Suarez is the Mayor of Miami. He announced Tuesday to over 118,000 Twitter users (NYSE:) that he intends to get paid in Bitcoin going forward. Although a number of U.S. politicians accept cryptocurrency for campaign contributions (NYSE:), Suarez appears to be the first elected official who has publicly stated his intention to receive his bitcoin salary. He responded to an inquiry on social media by Anthony Pompliano, a crypto-influencer and YouTuber.
Mayor Suarez tagged Miami’s director of innovation and technology in the tweet, Mike Sarasti, to help make good on this announcement. The mayor faced reelection on Tuesday, so it’s unclear if this announcement was a publicity stunt to raise voter awareness or another gesture of public support for cryptocurrencies.
Suarez is a prominent proponent of bitcoin and cryptocurrencies in this country during his term. This year alone, he advanced the idea of issuing a “MiamiCoin” cryptocurrency on the CityCoin platform, which could one day be used to fund municipal building projects instead of bonds as well as tax collection. The “Magic City” also hosted the bitcoin 2021 conference this summer, with support from its top elected official. Suarez last month announced that he would submit a proposal at the Miami City Commission for bitcoin payments to municipal employees.
Suarez has also repeatedly stated that he wants to make Miami the “crypto capital of the United States or of the world.” That’s likely to continue to be his mantra, as the 44-year old won in a landslide reelection bid against five other candidates in this race.
Suarez received over 80 percent of votes when he was elected for the first time in 2017. He has served as the 43rd mayor for that city, but he’s its first Miami-born individual to win that office. He’s a lawyer and a registered Republican, even though the mayoral position is non-partisan.
Flipside
- It’s good to see a politician putting their money where their mouth is.
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Why you should care
A politician could also receive a salary payment for crypto adoption.
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