Miguel Lopez Francis X. Suarez, the mayor of Miami and a well-known supporter of cryptocurrencies, is the latest politician to join the 2024 United States presidential race. Unlike incumbent Democrat Joe Biden and Republican Donald Trump, Suarez is notably pro-crypto. As stated in his recent filing with the Federal Election Commission, he intends to run on the Republican ticket.
Miami’s Mayor, Francis Suarez, Pursues Presidential Bid
After serving as the 43rd mayor of Miami, Florida, and working as an American lawyer, Suarez is now eyeing the United States presidency. He gave a hint about this development last Sunday during a Fox News interview, where he teased a major announcement.
Suarez is set to challenge other influential Florida Republicans in the race, namely former President Donald Trump and Governor Ron DeSantis. It’s reported that Suarez intends to officially announce his presidential bid at the Ronald Reagan Presidential Library in Simi Valley, California.
As a strong supporter of cryptocurrencies, particularly Bitcoin (BTC), Suarez has made his stance known publicly. As the mayor of the second-largest city in Florida, Suarez opted to receive his salary in BTC and invested part of his 401K retirement plan in the cryptocurrency.
Furthering his crypto-supportive actions, Suarez has contemplated allocating a fraction of Miami’s treasury reserves to Bitcoin and has championed efforts to let Miami citizens pay their taxes with the digital currency. A Super PAC is backing Suarez, and he has locked in a “six-figure” advertisement campaign that will be broadcasted across three states.
The advertisement, as reported by The New York Times, will air in Nevada, Iowa, and New Hampshire. The ad contains footage of crime scenes and a burning vehicle, depicting it as “Joe Biden’s America.” The ad also points out the reduced crime rate in Miami under Suarez’s leadership. In the context of cryptocurrencies, Suarez’s advocacy gives him an edge, a quality that neither Joe Biden nor Donald Trump shares, as both have expressed their disapproval of Bitcoin and the broader cryptocurrency industry.
However, Suarez will face competition from other pro-crypto candidates. Robert F. Kennedy Jr., a Democratic contender, recently announced his campaign’s acceptance of BTC donations. Kennedy is skeptical about a central bank digital currency (CBDC), fearing it could lead to financial domination. On the Republican front, DeSantis, who opposes a CBDC, has shown a positive attitude towards crypto assets. Another contender in the race is Vivek Ramaswamy, a Republican candidate who is also supportive of cryptocurrencies and accepts Bitcoin for campaign contributions.
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What are your thoughts on Miami Mayor Francis Suarez’s presidential candidacy? Please share your views and opinions on this topic in the comments section below.
Table Of Contents
Frequently Asked Questions (FAQs) about Francis Suarez Presidential Candidacy
Who is Francis Suarez?
Francis X. Suarez is the 43rd mayor of Miami, Florida, and an American lawyer. He is known for his strong support of cryptocurrencies, particularly Bitcoin.
What political party is Francis Suarez affiliated with for the 2024 US Presidential race?
Francis Suarez has affiliated with the Republican party for the 2024 US Presidential race, according to his recent filing with the Federal Election Commission.
Where and when will Francis Suarez officially announce his presidential bid?
Francis Suarez intends to officially announce his presidential bid at the Ronald Reagan Presidential Library in Simi Valley, California. The exact date has not been mentioned.
What distinguishes Francis Suarez from other 2024 Presidential candidates?
Francis Suarez is notably pro-crypto. He has even received his paycheck in Bitcoin and invested a portion of his 401K retirement plan in the cryptocurrency. This distinguishes him from other candidates like Joe Biden and Donald Trump, who have expressed disdain for Bitcoin and the cryptocurrency industry.
Who are the other pro-crypto candidates in the 2024 Presidential race?
Robert F. Kennedy Jr., a Democratic contender, and Vivek Ramaswamy, a Republican candidate, are both pro-crypto and are also running in the 2024 Presidential race.
More about Francis Suarez Presidential Candidacy
- [Francis Suarez’s Support for Bitcoin]
- [Suarez’s Filing with the Federal Election Commission]
- [Cryptocurrencies in the 2024 US Presidential Election]
- [Robert F. Kennedy Jr.’s Crypto Stance]
- [Vivek Ramaswamy’s Position on Bitcoin]
5 comments
Not sure how I feel about this. Bitcoin is too volatile and risky, it needs more regulation… but I’ll watch closely.
Suarez’s run is big news for the crypto community! Finally, a candidate who understands us. Lets see how this plays out!
I liked Suarez as Mayor. He’s young and has fresh ideas. But I dont know… a Bitcoin fan in the White House?
Wait… Suarez wants to run for president?? As a Miamian, I gotta say he’s done a great job here. But president? That’s a whole new level.
Wow!! This could be a game changer, fingers crossed for Suarez, we need more crypto-friendly faces in power. Go Bitcoin!