Miami’s Bitcoin Mayor Francis Suarez runs for presidency as a Republican.
The mayor of Miami, Francis Suarez, who is a supporter of Bitcoin, has announced his candidacy for the US presidency.
Suarez made the announcement on Twitter on Thursday morning, stating, “My Dad taught me that you get to choose your battles, and I am choosing the biggest one of my life. I’m running for President.”
Suarez will be competing against other Republican candidates such as Donald Trump, Ron DeSantis, and Tim Scott, in an increasingly crowded field.
Suarez, who is known as the “Bitcoin Mayor,” has expressed his desire to transform Miami into a leading hub for cryptocurrencies. He even receives his salary in Bitcoin.
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Almost a year ago, Suarez declared the growing popularity of cryptocurrencies presented a significant opportunity for the city of Miami to compete with Silicon Valley.
Bitcoin has become a topic of discussion among US presidential candidates this year. Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises last month advocating for Bitcoin users.
“As president, I will make sure that your right to hold and use Bitcoin is inviolable,” Kennedy said on May 16 at the Bitcoin 2023 Conference in Miami.
Kennedy announced his run for the US presidency in April and stated that his campaign would be “the first presidential campaign in history to accept Bitcoin donations through the Lightning Network.”
The Lightning Network is decentralized and enables instant payments.
Republican presidential candidate Rand Paul also stated in 2015 that he would accept campaign contributions in Bitcoin. Republican presidential candidate Tim Scott could also play an influential role in the crypto industry if he wins. Scott has become more vocal about cryptocurrencies this year and, in February, outlined his priorities for his role as the top Republican in the Senate Banking Committee, which included developing a framework for digital assets.