Miami Mayor to Accept Presidential Campaign Donations in Bitcoin

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Miami Mayor Francis Suarez, a Republican, announced his candidacy for the 2024 presidential elections in June. The city of Miami is now trending for all the good reasons, such as the news that Lionel Messi is accepting Bitcoin (BTC) donations, and the mayor himself is a Bitcoin maniac.

Suarez has stated that he is willing to accept Bitcoin donations for his presidential campaign. On a popular TV media outlet, Suarez said: “Officially, my campaign is accepting Bitcoin. This is a process of developing technologies that will create democratising opportunities for wealth creation and will not be manipulated by a human being’s ulterior motives, political goals, and so on.”

At his campaign site, donors can now contribute as little as 0.00034BTC or $1. The mayor has also spoken out against Central Bank Digital Currencies (CBDCs), saying that people don’t want to tell the government where and how much they earn. He then launched MiamiCoin (MIA), which he hopes will be used to pay for a recurring payment in a 2021 Bitcoin stimulus (similar to dividends) to Miami citizens.

In addition, Suarez has criticised the current US government led by Joe Biden, stating: “The biggest mistake that this administration has made is they don’t understand crypto so they have gone to a regulated-by-enforcement mechanism as opposed to set the ground rules. You have to be able to classify certain digital products, you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets.”

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