Another politician entered the race for America’s presidential election in 2024, and unlike the Democratic incumbent, Joe Biden, and the Republican, Donald Trump, this candidate is crypto-friendly. Miami mayor Francis X. Suarez filed to run as a Republican, according to his recent Federal Election Commission filing.
Miami Mayor Francis Suarez Makes Presidential Bid
Francis X. Suarez, the American lawyer and 43rd mayor of Miami, Florida, is running for president of the United States after filing with the Federal Election Commission. Suarez hinted at the news last Sunday during an appearance on Fox News, where he teased a significant announcement.
He will compete against two prominent Republicans from Florida: former president Donald Trump and governor Ron DeSantis. Reports detail that Suarez plans to make his official bid announcement at the Ronald Reagan Presidential Library in Simi Valley, California.
Known for his support of cryptocurrencies, Suarez has been a vocal proponent of bitcoin (BTC). As the mayor of Florida’s second-most populous city, he received his paycheck in BTC and chose to invest a portion of his 401K retirement plan in bitcoin.
He has also explored the possibility of allocating some of Miami’s treasury reserves to bitcoin and has been supportive of initiatives to enable Miami residents to pay taxes using bitcoin. A new Super PAC is supporting Suarez, and he has secured a “six-figure” advertisement that will be broadcasted in three states.
According to The New York Times, the ad is set to air in Nevada, Iowa, and New Hampshire. The Times states that the ad features footage of crime and a burning car, referencing it as “Joe Biden’s America.”
Additionally, the ad highlights the declining crime rate in Miami since Suarez assumed office. In the realm of cryptocurrencies, Suarez holds an advantage due to his advocacy. The same cannot be said for Joe Biden or Donald Trump, both of whom have expressed disdain for bitcoin and the cryptocurrency industry in general.
However, Suarez will face competition from other candidates who do support bitcoin and the crypto sector. One such candidate is Robert F. Kennedy Jr., a Democratic contender who recently announced his campaign’s acceptance of BTC.
Kennedy is also critical of a central bank digital currency (CBDC) and believes it could lead to financial tyranny. On the Republican side, DeSantis also opposes a CBDC and has demonstrated a friendly stance toward crypto assets. Additionally, Suarez will contend with Vivek Ramaswamy, a Republican bureaucrat who is also crypto-friendly and accepting bitcoin (BTC) for campaign contributions.
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