Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC
The mayor of the U.S. city of Miami says that he is going to take 100% of his next paycheck in bitcoin and become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to build...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The mayor of the U.S. city of Miami says that he is going to take 100% of his next paycheck in bitcoin and become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to build his city into a bitcoin capital of the world.
US Politician Wants to Be Paid in BitcoinThe pro-bitcoin mayor of the U.S. city of Miami, Francis Suarez, tweeted Tuesday that he is going to take 100% of his next paycheck in bitcoin.
His statement was in response to a challenge by Morgan Creek Digital partner Anthony Pompliano asking on Twitter: “Who is going to be the first American politician to accept their salary in bitcoin?”
In his tweet, Mayor Suarez asked Mike Sarasti, CIO and director of Innovation & Tech of the city of Miami, to help make it happen. Sarasti indicated that he will help by tweeting “Mayor. Amazing” in reply, along with two “100” symbols and a bitcoin symbol.
The Miami mayor’s statement came as a growing number of professional athletes and sports teams are asking to be paid in bitcoin, including Russell Okung, Tom Brady, Aaron Rodgers, Saquon Barkley, and Sean Culkin.
Among U.S. politicians, the Miami mayor has been one of the most vocal proponents of bitcoin. He has been lobbying lawmakers in his city to allow government employees to be paid in BTC in addition to allowing taxes to be paid in the cryptocurrency and for the city to invest a portion of funds in bitcoin. He said in October that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. When China cracked down on cryptocurrency and bitcoin mining, he also tried to attract bitcoin miners to his city.
A few other mayors have also been vocal in supporting bitcoin, including the mayor of Jackson, TN, and the mayor of Cool Valley, Missouri.
Another pro-bitcoin politician, U.S. Senator Cynthia Lummis, who has repeatedly said that bitcoin is a great store of value, tweeted in response to Suarez’s statement:
Bested by the gentleman from Miami. Well done, sir.
Do you think politicians should be paid in bitcoin? Let us know in the comments section below.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Gemini’s $10M Bitcoin Donation to Trump PAC Draws Attention During Ongoing CFTC Case
Key Takeaways: Gemini donated more than $10 million dollars in Bitcoin to the pro-Trump MAGA Inc. PAC. The gift was revealed in re...
DeFi’s next institutional hurdle is deciding who can be trusted to price real-world assets
DTCC now runs a tokenization trial with roughly 40 firms, including JPMorgan, Goldman Sachs, BlackRock, Vanguard and the NYSE, to...
Metaplanet crosses 10,000 BTC threshold, overtakes Coinbase to become seventh-largest public Bitcoin treasury holder
Japanese firm Metaplanet surpasses Coinbase with 10,000 BTC holdings, targeting 210,000 BTC by 2027. Stock surges 22% on Tokyo Sto...
KB Kookmin Bank plans blockchain cross-border payments service next month
KB Kookmin Bank's blockchain service could revolutionize cross-border payments, enhancing efficiency, reducing costs, and minimizi...
Metaplanet Crosses 10,000 BTC, Overtakes Coinbase as Corporate Bitcoin Holder
Japanese firm Metaplanet surpasses Coinbase as corporate Bitcoin holder with 10,000 BTC, approves $210M no-interest bonds for more...
Iran and Oman talks on Strait of Hormuz carry big stakes for oil markets and crypto
Negotiations impact global oil supply stability, influencing inflation, monetary policy, and crypto market dynamics amid geopoliti...