Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign

On August 4, 2023, Miami Republican mayor Francis Suarez introduced that he’s accepting cryptocurrencies for marketing campaign donations. The 2024 presidential candidate revealed the choice to simply accept digital currencies throughout a Coindesk TV broadcast.

2024 Presidential Candidate Francis Suarez Embraces Crypto Donations

Francis Suarez, the present mayor of Miami, is well-known for his stance towards bitcoin and crypto property, and Suarez is seeking to problem incumbent President Joe Biden within the 2024 U.S. common election. On Friday, the mayor introduced that he’s accepting crypto property for marketing campaign donations, becoming a member of two different candidates who’ve revealed they’re accepting bitcoin for donations as effectively. Suarez broke the information on a Coindesk TV broadcast.

“Officially, my marketing campaign is accepting bitcoin,” Suarez disclosed. “This is a means of growing applied sciences which can be going to create democratizing alternatives for wealth creation and are usually not manipulated by a human being’s ulterior motives, political targets, and many others.”

However, Suarez is not only accepting bitcoin. The presidential candidate’s web site says “crypto” and results in a portal that accepts crypto donations. The portal connects to a Bitpay bill after the chosen donation quantity is chosen. In the Bitpay bill portal, funds are directed to Suarez for President Inc. Payments will be made in BTC, BCH, LTC, DOGE, XRP, ETH, SHIB, USDC, DAI, MATIC, APE, BUSD, WBTC, USDP, GUSD and EUROC. Interestingly, tether (USDT) is proven on the Bitpay bill however is “not supported.”

Suarez joins presidential candidates Robert F. Kennedy Jr., a Democrat, who announced his acceptance of BTC on May 21, 2023, and Vivek Ramaswamy, a Republican, who made his announcement to simply accept BTC for marketing campaign donations simply hours after Kennedy throughout the identical Bitcoin 2023 conference in Miami. The 2016 presidential race was the primary to have candidates settle for crypto for marketing campaign financing.

Rand Paul, a Republican and son of Ron Paul, announced his acceptance of BTC in April 2015, turning into the primary presidential candidate in American historical past to obtain donations by way of cryptocurrency. Democratic presidential candidates Andrew Yang and Eric Swalwell accepted digital currencies for his or her 2020 runs. Suarez made a reputation for himself within the crypto house years in the past, was paid in bitcoin and chose to take a position a portion of his 401(ok) retirement plan in bitcoin.

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