Pro-Bitcoin Miami Mayor Francis Suarez Joins Race for 2024 US Presidential Election

Another politician entered the race for America’s presidential election in 2024, and in contrast to the Democratic incumbent, Joe Biden, and the Republican, Donald Trump, this candidate is crypto-friendly. Miami mayor Francis X. Suarez filed to run as a Republican, in line with his latest Federal Election Commission submitting.

Miami Mayor Francis Suarez Makes Presidential Bid

Francis X. Suarez, the American lawyer and forty third mayor of Miami, Florida, is working for president of the United States after submitting with the Federal Election Commission. Suarez hinted on the information final Sunday throughout an appearance on Fox News, the place he teased a big announcement.

He will compete in opposition to two outstanding Republicans from Florida: former president Donald Trump and governor Ron DeSantis. Reports element that Suarez plans to make his official bid announcement on the Ronald Reagan Presidential Library in Simi Valley, California.

Known for his support of cryptocurrencies, Suarez has been a vocal proponent of bitcoin (BTC). As the mayor of Florida’s second-most populous metropolis, he received his paycheck in BTC and chose to speculate a portion of his 401K retirement plan in bitcoin.

He has additionally explored the potential for allocating a few of Miami’s treasury reserves to bitcoin and has been supportive of initiatives to allow Miami residents to pay taxes utilizing bitcoin. A brand new Super PAC is supporting Suarez, and he has secured a “six-figure” commercial that might be broadcasted in three states.

According to The New York Times, the advert is ready to air in Nevada, Iowa, and New Hampshire. The Times states that the advert options footage of crime and a burning automobile, referencing it as “Joe Biden’s America.”

Additionally, the advert highlights the declining crime charge in Miami since Suarez assumed workplace. In the realm of cryptocurrencies, Suarez holds a bonus as a result of his advocacy. The identical can’t be mentioned for Joe Biden or Donald Trump, each of whom have expressed disdain for bitcoin and the cryptocurrency trade typically.

However, Suarez will face competitors from different candidates who do assist bitcoin and the crypto sector. One such candidate is Robert F. Kennedy Jr., a Democratic contender who not too long ago announced his marketing campaign’s acceptance of BTC.

Kennedy can be crucial of a central financial institution digital foreign money (CBDC) and believes it may result in monetary tyranny. On the Republican aspect, DeSantis additionally opposes a CBDC and has demonstrated a pleasant stance towards crypto belongings. Additionally, Suarez will deal with Vivek Ramaswamy, a Republican bureaucrat who can be crypto-friendly and accepting bitcoin (BTC) for marketing campaign contributions.

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