Miami Mayor Francis Suarez is still publicly promoting cryptocurrency following a crash in the price of Bitcoin that has led digital currency enthusiasts to discuss how to weather the downturn.
The mayor told the Miami Herald he still wants to make Miami a crypto capital. He said he is still converting 100% of his city salary into Bitcoin, though he declined to discuss his current cryptocurrency holdings. Recently released financial disclosures show that as of the end of 2021 he held a cryptocurrency account with $10,761.49.
Suarez also said he still wants to use his position as president of the U.S. Conference of Mayors to sponsor a “crypto compact” that would promote the use of digital currency and foster education about digital currency.
“Educating policymakers on how to derive utility from this technology will be pivotal in making it more ubiquitous in our lives,” Suarez said in emailed responses to questions earlier this month. “American citizens need to feel confident in their...
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