<\/p>\n
GOP presidential candidate and current mayor of Miami, Francis Suarez, has said he would be willing to accept Bitcoin (BTC) as part of his salary if elected president.<\/p>\n
Suarez made the statement in a podcast interview, where he confirmed that he was already taking part of his mayoral salary in Bitcoin and would continue if elected president.<\/p>\n
He added that he felt it was important to support cryptocurrency in general and Bitcoin in particular because he sees them as a way to ensure that freedom will always be there.<\/p>\n
Suarez described Bitcoin and other forms of crypto as a \u201cgood hedge and a good check and balance on a monetary system that\u2019s gotten completely out of hand and become very political.\u201d<\/p>\n
The Miami mayor also talked about the benefits of blockchain and fractionalized investments. He said that tokenization makes debt and stock investments easier for more people to get into. By engaging directly in fractionalized assets, people may be able to close the wealth gap and make more money with less risk.<\/p>\n
Crypto has become a hot topic among US presidential candidates, with the likes of incumbent Joe Biden and his fiercest competitor, former president Donald Trump, respectively, saying they have no fundamental value and that they are \u201ca disaster waiting to happen.\u201d<\/p>\n
\nI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity\u2026.<\/p>\n
\u2014 Donald J. Trump (@realDonaldTrump) July 12, 2019<\/a><\/p>\n<\/blockquote>\n
However, Suarez said earlier this month that he would accept Bitcoin as a campaign donation, putting him in line with other presidential candidates who have also accepted cryptocurrencies, including Robert Kennedy Jr., Ron DeSantis, and Vivek Ramaswamy.<\/p>\n
Ramaswamy tweeted in the middle of May, \u201cBitcoin should not be regulated as a security.\u201d He also said at the Bitcoin 2023 conference that he would take Bitcoin payments for his campaign.<\/p>\n
Similarly, Robert F. Kennedy Jr., who has an outside chance of being the Democratic candidate for president, has also shown support<\/a> for crypto.<\/p>\n
\nCryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden\u2019s proposed 30% tax on cryptocurrency mining is a bad idea. \ud83e\uddf5<\/p>\n
\u2014 Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023<\/a><\/p>\n<\/blockquote>\n
On his part, Florida Governor Ron Desantis, who many see as Trump\u2019s closest competitor for the Republican ticket, has been very vocal in his support for Bitcoin. He kicked off<\/a> his campaign on Twitter (now known as X) by stating Americans had \u201cevery right to do Bitcoin.\u201d<\/p>\n
Desantis also called out lawmakers and regulators, accusing them of not addressing crypto laws and making it difficult for Americans to own and use them.<\/p>\n
But despite DeSantis\u2019 public stance on Bitcoin, Mayor Suarez claimed that all he\u2019d heard his opponent say is that he\u2019s against<\/a> Central Bank Digital Currencies (CBDCs).<\/p>\n
He added that DeSantis needed to do more than just oppose CBDCs. \u201cYou can\u2019t just say that central bank digital currencies are bad,\u201d he said. \u201cNo one disagrees with that. That\u2019s an easy place to be.\u201d<\/p>\n
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