After the latest events, opinions remain extremely divided on the reliability of crypto. Some wonder if digital assets are still trustworthy. Others firmly believe that the future lies in cryptocurrency. During his last press briefing, the current mayor of Miami, Francis Suarez, rightly spoke on the subject. It highlights several interesting points.
Francis Suarez still receives his salary in bitcoins
Despite market volatility, the mayor of the city of Miami remains loyal to crypto. During the WEF panel in May, he clarified that he still receives his salary in bitcoins (and has since last year). Even today, he reiterates this position.
“Web3 and crypto are here to stay,” he proclaimed during the MiamiWeb3 Summit while adding that he had just bought bitcoins. He nevertheless specifies that his salary as mayor is not his only source of income. Indeed, the current leader of the Conference of Mayors of the United States also practices as a lawyer.
Crypto: a promising market, but to be regulated at all costs!
During the press briefing, Francis Suarez also rebounded on the FTX affair. “We have to remember that this technology is new. Not all iterations will succeed. Not all businesses will succeed. “, did he declare. In a very optimistic tone, he goes so far as to say that the collapse of the Sam Bankman-Fried empire could allow us to innovate the crypto market.
The mayor of the city of Miami, however, joins all players in the crypto industry in calling for clear and strict regulations. But not only ! This staunch supporter of crypto calls above all for “a proactive and collaborative approach” to crypto regulation.
“If the leaders emerging now come together and help legislators find the right regulatory benchmarks to ensure that this technology helps people, increases the democratization of investment and wealth-building opportunities, and doesn’t hurt people and does not deprive them of their hard-earned savings,” he argues.
Francis Suarez is not alone in the row. Miami is still as convinced by the importance of crypto and Web3. The proof, the city hosts until the end of the year several events focused on new technologies.
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