Miami’s mayor is pushing to position his city as a crypto-friendly haven.
Over the weekend, Miami’s Mayor Francis Suarez sat down with Gemini co-founders and Bitcoin bulls Tyler and Cameron Winklevoss to discuss the future of crypto in Miami, Florida.
Suarez attempts to use the conversation to demystify crypto and highlight its advantages, saying that he would like Miami to follow in the footsteps of crypto-friendly cities such as Wyoming, Wisconsin and New York, where the co-founders decided to headquarter Gemini.
Suarez says he wants Miami to be “on the cutting edge of regulation,” as companies want to go where the regulatory landscape allows them to be successful.
Suarez backed up this sentiment in a recent tweet, sharing that he envisions Miami as a city in which tech entrepreneurs can find a home and innovate.
“We want anyone who shares our vision to come here and build—but we’re not going to be “Silicon Beach” or the next New York…we are Miami and we won’t forget that.”
The Miami Mayor says that he believes when individuals are able to work in tech, they are provided with the skills to provide for their family, start a career or even their own company.
Suarez has a history of vocally supporting the crypto sector.
Late last month, Suarez took to Twitter to discuss the possibility of Miami allocating a small percentage of its reserves to Bitcoin, saying that he is open to exploring the idea.
Suarez also told his Twitter followers that Miami citizens may soon be able to settle their bills in the city with Bitcoin, claiming that his administration intends to work on the feature in 2021.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/pisaphotography