Miami mayor to simply accept presidential marketing campaign donations in BTC

• Miami Mayor Francis Suarez, a Republican, introduced his candidacy for the 2024 presidential election in June.
• Miami has at the moment been trending for all the correct causes from Lionel Messi mania to the mayor accepting BTC donations.
• The mayor has additionally stated that he would ban a central financial institution digital forex (CBDC).

Bitcoin-friendly Miami Mayor Francis Suarez has stated that he’ll settle for Bitcoin (BTC) donations for his presidential marketing campaign.

Talking on a well-liked media TV outlet, Suarez stated:

“Formally, my marketing campaign is accepting bitcoin,” Suarez defined. “It is a strategy of creating applied sciences that can create democratising alternatives for wealth creation and won’t be manipulated by a human being’s ulterior motives, political targets, and so forth.”

In keeping with Suarez, supporters can now donate as little as 0.00034BTC, or the equal of $1, at his marketing campaign web site.

Suarez’s view on CBDCs

Suarez, who is thought to advocate for Bitcoin, has stated that he would ban a central financial institution digital forex (CBDC).  He stated that folks don’t want the federal authorities to know the place they’ve their cash and the way a lot cash they’ve.

Suarez launched the MiamiCoin (MIA) in 2021, which he hoped can be used to pay a recurring Bitcoin stimulus (much like dividends) to Miami residents.

The mayor has criticized the present US administration led by Joe Biden. Castigating the federal government, Suarez stated:

“The largest mistake that this administration has made is that they don’t perceive crypto so that they have gone to a regulated-by-enforcement mechanism versus set the bottom guidelines. You have got to have the ability to classify sure digital merchandise, you’ve to have the ability to have sure pointers and guidelines which might be clear with respect to the custody of property.”