Miami Mayor Francis Suarez — who’s been courting tech entrepreneurs and cryptocurrency enthusiasts to maneuver to town — introduced Tuesday that he’ll take his subsequent paycheck entirely in bitcoin.
Suarez, 44, made the remark Tuesday in response to a tweet from crypto fanatic and investor at Morgan Creek Capital Administration Anthony Pompliano, who requested “Who’s going to be the primary American politician to just accept their wage in bitcoin?”
“I’m going to take my subsequent paycheck 100% in bitcoin…downside solved!” Suarez responded, tagging Miami’s director of innovation and tech, Mike Sarasti.
“Are you able to assist?” the Miami mayor requested.
It wasn’t instantly clear if Suarez’s dedication utilized to his two different jobs as a lawyer and his place at personal fairness agency DaGrosa Capital Companions.
Suarez’s wage as mayor was set at $97,000 as of 2018.
The announcement comes after Suarez mentioned final month that he’s engaged on a plan that may enable Miami to pay metropolis employees in bitcoin.
The transfer would additionally enable Miami residents to pay charges in bitcoin, he beforehand mentioned, and even taxes if the county indicators off.
And in September, Suarez expressed hope that MiamiCoin, a brand new crypto challenge that launched in August, may assist town whereas eliminating the necessity for residents to pay taxes by taking part within the mining and staking of the coin.
“When you consider the potential of with the ability to run a authorities with out the residents having to pay taxes. That’s unbelievable,” Suarez advised The Washington Post in September.
The crypto-friendly mayor is looking for reelection and has largely staked his political popularity on the rise of bitcoin and cryptocurrencies, positioning town to be on the center of crypto-related conferences and the what he hopes is the way forward for digital finance.
