When Miami’s Francis Suarez took over the U.S. Conference of Mayors in January, he encouraged his fellow municipal leaders to join a “crypto compact,” promising that assets like bitcoin could provide easier access to financial services for low-income and unbanked residents.
Suarez, who’s staked his reputation on cementing his city as a global hub for cryptocurrency had a receptive audience: Cleveland Mayor Justin Bibb, a self-acknowledged crypto owner, called the pitch “spot on.” New York Mayor Eric Adams, just a few days into office, was boasting of plans to buy bitcoin and ethereum with his first few government paychecks. And New York, Philadelphia and Austin were all weighing the possibility of following Miami into business with CityCoins, a company that mints bespoke coins meant to raise money for their respective towns.
Many city leaders spent 2021 looking for ways to take advantage of a soaring cryptocurrency market, seeing a highly speculative and largely unregulated asset...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...