Francis Suarez has said that he would accept payment in Bitcoin if he were to become president
Suarez has increased his advocacy for paying employees with Bitcoin.
Francis Suarez, a mayoral candidate for the Republican Party and the current mayor of Miami, has indicated that he would be open to receiving compensation in Bitcoin (BTC) if he were to be elected president.
The comment was made by Suarez in a podcast interview, in which he also stated that he was receiving a portion of his mayoral pay in Bitcoin and would continue to do so if he were elected president.
He went on to say that he believes in Bitcoin and other cryptocurrencies because they are a method to guarantee that freedom will endure.
The mayor of Miami also highlighted the advantages of blockchain technology and fractionalized assets. He argued that tokenization will encourage more individuals to invest in debt and stocks. Direct participation in fractionalized assets may help individuals earn more money with less risk and narrow the wealth divide.
Both the current vice president, Joe Biden, and his most formidable opponent, Donald Trump, have weighed in on the matter of cryptocurrencies, with both claiming that they have no intrinsic worth and are “a disaster waiting to happen.”
But Suarez said earlier this month that he would take Bitcoin as a campaign gift, joining the ranks of Robert Kennedy Jr., Ron DeSantis, and Vivek Ramaswamy, all of whom have previously stated they would be open to accepting cryptocurrency donations.
In the middle of May, Ramaswamy tweeted, “Bitcoin should not be regulated as a security.” Robert F. Kennedy Jr., who is a possible Democratic presidential contender, is also a crypto supporter.
Trump’s main rival for the Republican nomination, Florida Governor Ron Desantis, has been extremely outspoken in his support for Bitcoin. On Twitter (then known as X), where he launched his campaign, he argued that Americans had “every right to do Bitcoin.”
Desantis also criticized government officials, saying they were to blame for the difficulty ordinary citizens had in obtaining and utilizing cryptocurrencies.
Mayor Suarez said that all he had heard from DeSantis was that he was against Central Bank Digital Currencies (CBDCs), despite DeSantis’ public position on Bitcoin.