Mayor Francis Suarez of Miami said that he is working on a resolution to introduce Bitcoin to the balance sheet of the region.
According to a Twitter statement in response to another tweet saying the time had arrived, he said the matter would be resolved at a city commission meeting on Thursday.
Working on a resolution for our commission for this Thursday’s meeting to get the ball rolling…@elonmusk’s announcement was very helpful…now all we need is for @amazon to adopt and then 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 https://t.co/2wnkYD9n58
— Mayor Francis Suarez (@FrancisSuarez) February 8, 2021
The Miami Mayor’s Support of Bitcoin
Suarez said lawmakers in Miami were studying the strategies of crypto-friendly areas such as Wyoming and New York in an interview with Forbes released Sunday in an attempt to stimulate city growth through investment in Bitcoin.
He has also spoken with a few high-profile personalities in the crypto world, including a conversation with Tyler and Cameron Winklevoss, co-founders of Gemini. Tyler Winklevoss said earlier this month that the mayor was “leading the way for both governments and Bitcoin.”
Suarez was outspoken on how such forms of Bitcoin transactions could be authorized by the city and invested in the blockchain, and this resolution will represent the first tangible move. It comes after Tesla Inc. revealed that $1.5 billion in Bitcoin had been spent.
In recent times, the mayor has also made many supportive comments on Bitcoin (BTC) and blockchain, like allowing compensation of Miami public workers in Bitcoin instead of USD.
Who is Miami Mayor Francis Suarez?
Mayor Suarez served as Miami Commissioner for District 4 for eight years prior to being elected with 86 percent support from Miami residents. Mayor Suarez and Gloria Fonts Suarez are married.
As Commissioner, Mayor Suarez had several legislative successes, including the introduction of the City’s ShotSpotter technology, a state-of-the-art gunshot tracking device, the creation of a travel trust fund that allocates funds for existing and potential transportation ventures, and the enactment of Reverse Redline legislation, the sanction of litigation against many major banks for unfair mortgage lending The City’s lawsuit, as a result, entered the U.S. Supreme Court, which ruled that cities have standing to sue banks for such discriminatory practices under the Fair Housing Act.
As the son of the former Mayor of the City of Miami, Xavier Suarez, since he was a child, he was also exposed to public service, growing up around his father’s office in City Hall, the same one he works out of today.
Mayor Suarez graduated from Florida International University with a bachelor’s degree in finance, graduating in the top ten percent of his class. He went on to receive his law degree from the Frederic G. Levin College of Law of the University of Florida, where he graduated cum laude.
How do you feel about Bitcoin entering the public space?