Francis Suarez, who has served because the mayor of Miami since 2017, has stated he’s going to take his subsequent paycheck in Bitcoin.
In a Tuesday Twitter publish, Suarez said he aimed to be the primary United States lawmaker on the state or federal stage to simply accept a part of his wage in Bitcoin (BTC). Public data show the Miami mayor’s wage was $97,000 yearly between 2016 and 2017, which means he would obtain a month-to-month paycheck of greater than $8,000 or 0.13 BTC at a value of $63,404, assuming residents didn’t vote to extend his compensation for public service. Suarez stated that he would prefer to make use of an app like Bitwage or Strike fairly than have the native authorities undergo the trouble to transform his fiat paycheck into crypto.
— Mayor Francis Suarez (@FrancisSuarez) November 2, 2021
The declaration got here the morning of Election Day in america. Although many positions for federal workplace is not going to be open till the 2022 midterms, native and statewide workplaces, together with that of Miami’s mayor, will likely be put to a vote. Suarez is the frontrunner amongst six nonpartisan candidates.
Mayor Suarez, who stated he owns each BTC and Ether (ETH), has been vocal about his intentions to turn Miami into a crypto hub with the “probably the most progressive crypto legal guidelines” in america. Many companies and occasions within the crypto house have flocked to the world, together with the Bitcoin 2021 conference in June. Enterprise capital agency Borderless Capital is launching a $25-million fund to support blockchain startups primarily based within the metropolis.
A number of mayors in different U.S. cities have additionally been pushing for crypto adoption or in any other case help digital belongings in coverage or follow. In August, Mayor Jayson Stewart of Cool Valley, Missouri proposed giving away more than $1 million in BTC to the town’s roughly 1,500 residents. Eric Adams, working to be the mayor of New York Metropolis, has additionally stated he plans to make the city “the middle of Bitcoins.” Adams can also be on the poll on Nov. 2.