Francis Suarez, who has served as Mayor of Miami since 2017, wants to make the city the most attractive in the United States for those in the cryptocurrency and blockchain industries.
In an interview with Forbes published on Sunday, Suarez said lawmakers in Miami are looking into the policies of cryptocurrency-friendly regions like Wyoming and New York in an effort to bolster regulatory incentives for cryptocurrency and blockchain in Florida.
“[Miami is] “Making sure we have the most advanced coding laws,” Suarez said. “We want to make sure that we believe that if all things are equal, we win. So, we just want to level the playing field. We want to make sure that no one has an advantage over us based on laws that can be changed easily.”
Mayor Suarez did not describe the race for an organizational victory as a battle between lawmakers in other jurisdictions. Instead, he gave Wyoming “a reputation for being smart” in attracting crypto companies, but added that “every city in America and in the world should try to grow its own technological ecosystem.”
“We are working to ensure that our incentives are in place and that our legislation promotes cryptography, blockchain and forward thinking.”
The mayor has already issued several bullish announcements on Bitcoin (BTC) and cryptocurrencies in recent weeks, including making Miami consider letting city employees get paid in BTC instead of US dollars. He also suggested allowing Miami residents to pay local fees and taxes using cryptocurrencies as well as investing some of the city’s treasury in Bitcoin, a task he described as the “hardest” of the three ideas.
He’s actually spoken to a few high-profile people in the crypto community including a meeting with Gemini founders Tyler and Cameron Winklevus. Earlier this month, Tyler He said The mayor is “leading the way for governments and Bitcoin”.
Mayor Suarez hasn’t provided a timeline when these measures will take effect for Miami’s 450,000 residents, but some in the crypto community seem to have noticed. Last week, Bitcoin 2021 announced that it would be moving from Los Angeles to Miami to attend a crypto conference in June.