Mayor of Miami seeking 'the most progressive crypto laws'

Mayor of Miami seeking ‘the most progressive crypto laws’

For those in the crypto and blockchain industry, Francis Suarez, who has served as mayor of Miami since 2017, wants to make the city the most attractive in the United States.

Suarez said lawmakers in Miami were investigating the policies of crypto-friendly areas such as Wyoming and New York in an interview with Forbes published Sunday in an effort to promote regulatory incentives for Florida’s crypto and blockchain.

“[Miami is] making sure that we have the most progressive crypto laws,” said Suarez. “We want to make sure that we believe that if all things are equal, we win. So, we just want to equalize the playing field. We want to make sure that nobody has an advantage over us based on laws that are easily changeable.”

The race to be the regulatory winner not described. As a fight between lawmakers in other jurisdictions by Mayor Suarez. “Instead, in attracting crypto companies, he gave Wyoming “kudos for being smart”. But added that “every city in America and in the world should try to grow its technology ecosystem.

“We’re working on making sure that our incentives are in place and that our legislation promotes crypto and blockchain and is forward-thinking.”

The mayor made bullish statements on Bitcoin and Crypto

In recent weeks, the mayor has already made several bullish statements on Bitcoin (BTC) and crypto, including having Miami consider letting city employees get paid instead of U.S. dollars in BTC. He also suggested allowing Miami residents to pay using crypto for local fees. And taxes as well as investing some of the treasury of the city in Bitcoin. A task he called the “hardest” of the three ideas.

He has already talked with a few high-profile figures in the crypto community. Including a meeting with Tyler and Cameron Winklevoss, co-founders of Gemini. Tyler said earlier this month that the mayor was “leading the way for governments and Bitcoin.”

Mayor Suarez did not provide a timeline as to. When these actions might take effect for the 450,000 residents of Miami. But some have apparently taken notice of them in the crypto community. Bitcoin 2021 announced last week that it would be moving to Miami. From Los Angeles for its crypto conference in June.