Miami mayor aiming for ‘the most progressive crypto laws’

“We want to make sure that we believe that if all things are equal, we win,” said Mayor Francis Suarez.

Francis Suarez, who has served as the mayor of Miami since 2017, wants to make the city the most attractive in the United States for those in the crypto and blockchain industry.

In an interview with Forbes published Sunday, Suarez said lawmakers in Miami were looking into the policies of crypto-friendly areas like Wyoming and New York in an effort to promote regulatory incentives for crypto and blockchain in Florida.

“[Miami is] making sure that we have the most progressive crypto laws,” said Suarez. “We want to make sure that we believe that if all things are equal, we win. So, we just want to equalize the playing field. We want to make sure that nobody has an advantage over us based on laws that are easily changeable.”

Mayor Suarez did not describe the race to be the regulatory winner as a fight between lawmakers in other jurisdictions. Rather, he gave Wyoming “kudos for being smart” in attracting crypto firms, but added that “every city in America and in the world should be trying to grow its technology ecosystem.”“We’re working on making sure that our incentives are in place and that our legislation promotes crypto and blockchain and is forward-thinking.”

The mayor has already made several bullish statements on Bitcoin (BTC) and crypto in recent weeks, including having Miami consider letting city employees to get paid in BTC rather than U.S. dollars. He also proposed allowing Miami residents to pay for local fees and taxes using crypto as well as investing some of the city’s treasury into Bitcoin, a task he called “the hardest” of the three ideas.

He has already spoken with a few high-profile figures in the crypto community including a meeting with Gemini co-founders Tyler and Cameron Winklevoss. Earlier this month, Tyler said that the mayor is “leading the way for governments and Bitcoin.”

Mayor Suarez did not provide a timeline as to when these actions may take effect for Miami’s 450,000 residents, but some in the crypto community have seemingly taken notice. Last week, Bitcoin 2021 announced it would be moving from Los Angeles to Miami for its June crypto conference.
http://dlvr.it/RsD5zH

You might be interested in …

Bitcoin whale clusters show these are the strong support levels

Uncategorized

Whale clusters show that the key-short term support areas for Bitcoin are $16,694, $16,411 and $16,064. Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000–$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if Bitcoin (BTC) price continues to […]

Read More

Oracle-focused tokens rally as DeFi searches for trusted data providers

Uncategorized

The DeFi sector is booming but the future of the sector depends on oracles, here are some of the top contenders. To the observant cryptocurrency enthusiast, the sight of multiple large-cap tokens more than tripling their value since November 2020 is a healthy sign that a bull market cycle is underway.  Aside from a breakout […]

Read More

Bitcoin will not become a global medium of exchange, says Charlie Munger

Uncategorized

Billionaire investor and Berkshire Hathaway vice-chairman Charlie Munger has once again dismissed the value proposition of Bitcoin. Like Berkshire Hathaway chairman Warren Buffett, the 97-year-old Munger is a known critic of Bitcoin (BTC). Addressing the 2021 Daily Journal annual meeting with shareholders organized by Yahoo Finance on Wednesday, Munger again espoused some negative sentiments about […]

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php