1. BITBILIHome
  2. Article

Miami Mayor Francis Suarez set to accept crypto for 2024 presidential campaign

• 172 views

TL;DR Breakdown

  • Miami Mayor Francis Suarez has announced that his presidential campaign will accept crypto donations.
  • Cryptocurrency’s evolving role in political fundraising.

Description

In a groundbreaking move, Miami Mayor Francis Suarez, has announced his decision to accept cryptocurrency donations for his 2024 presidential campaign. Known for his pro-crypto stance and ambition to challenge incumbent President Joe Biden, Suarez unveiled this development during a recent Coindesk TV broadcast. Suarez’s foray into the world of digital currencies underscores his commitment … Read more

In a groundbreaking move, Miami Mayor Francis Suarez, has announced his decision to accept cryptocurrency donations for his 2024 presidential campaign. Known for his pro-crypto stance and ambition to challenge incumbent President Joe Biden, Suarez unveiled this development during a recent Coindesk TV broadcast. Suarez’s foray into the world of digital currencies underscores his commitment to embracing innovative technologies and promoting democratized opportunities for wealth creation.

The Miami Mayor wants his campaign funds immune to manipulation

By accepting cryptocurrency donations, he aims to ensure that campaign funds remain immune to manipulation driven by ulterior motives or political agendas. However, it’s not just Bitcoin that Suarez is welcoming. Visitors to his campaign website will find a dedicated “crypto” section, leading to a portal designed to accept various cryptocurrencies as donations. This portal seamlessly integrates with Bitpay, a leading cryptocurrency payment service provider. Once donors select their desired contribution amount, the Bitpay invoice takes over, enabling payments to Miami Mayor Francis Suarez for President Inc.

A wide array of cryptocurrencies are accepted through this platform, demonstrating Suarez’s commitment to inclusivity and support for multiple digital assets. Alongside Bitcoin (BTC), donors can contribute using Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), XRP, Ethereum (ETH), Shiba Inu (SHIB), USD Coin (USDC), DAI, Polygon (MATIC), and Euro Coin (EUROC). Interestingly, Tether (USDT) appears on the Bitpay invoice but is marked as “not supported.”

Cryptocurrency’s evolving role in political fundraising

Suarez joins a select group of presidential candidates who have ventured into the realm of cryptocurrency campaign financing. Among them is Democratic candidate Robert F. Kennedy Jr., who declared his acceptance of BTC donations on May 21, 2023. Republican contender Vivek Ramaswamy followed suit shortly thereafter, announcing his decision to embrace BTC donations at the Bitcoin 2023 convention in Miami, where Kennedy had made his announcement. While Suarez’s move may seem novel, it’s worth noting that cryptocurrency has made previous appearances in the political arena.

The 2016 presidential race saw the emergence of candidates who accepted cryptocurrency donations. Rand Paul, a Republican and son of Ron Paul gained recognition as the first-ever presidential candidate in American history to receive campaign donations through Bitcoin, doing so back in April 2015. In the 2020 Democratic primaries, candidates Andrew Yang and Eric Swalwell also welcomed digital currencies as part of their campaign financing efforts.

Miami Mayor Francis Suarez’s involvement in the cryptocurrency space predates his recent campaign decision. The Miami Mayor gained attention for his early embrace of Bitcoin, even choosing to allocate a portion of his 401(k) retirement plan to the digital asset. His willingness to integrate cryptocurrencies into his campaign fundraising strategy reflects his belief in their potential to shape the future of finance and democratize financial opportunities. Mayor Francis Suarez’s acceptance of cryptocurrency donations for his 2024 presidential campaign marks a significant milestone in the intersection of politics and digital finance.

By embracing a diverse range of cryptocurrencies, Suarez showcases his commitment to innovation and inclusivity. While his decision may echo the footsteps of past candidates, it signals a broader shift toward recognizing the value of digital assets in the realm of political fundraising. As the 2024 election approaches, all eyes will be on how this novel approach to campaign financing shapes the narrative of the political landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Miami Mayor Francis Suarez set to accept crypto for 2024 presidential campaign

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月7日 10:32
Next 2023年8月7日 12:05

Related articles

  • 5 things you need to know about Call of Duty – Modern Warfare III

    TL;DR Breakdown Call of Duty: Modern Warfare III is the latest chapter in the legendary first-person shooter (FPS) series. Modern Warfare III will feature a new campaign, updated maps from Modern Warfare 2 in 2009, and the largest Zombies map to date. Call of Duty: Modern Warfare III will be released on Windows PCs via Battle.net and Steam, PlayStation 5, PlayStation 4, Xbox Series X and S, and Xbox One on November 10, 2023. Modern Warfare III’s new Zombies mode will feature missions within the player-versus-environment (PVE) framework. It will also provide the option to team up with other online squads to combat the zombie invaders. Description Call of Duty: Modern Warfare III is the next game in the storied first-person shooter (FPS) series. During a simultaneous broadcast on Thursday, publisher Activision announced the game’s release date, supported platforms, campaign content, and more. Did you miss the big reveal? Here are the important details about the upcoming game you need to know. … Read more Call of Duty: Modern Warfare III is the next game in the storied first-person shooter…

    Article 2023年8月18日

  • Offchain Labs launches Arbitrum Stylus to expand smart contract development on Ethereum’s Layer 2 network

    TL;DR Breakdown Offchain Labs has introduced Arbitrum Stylus, a tool that expands the range of programming languages available for smart contract development on Ethereum’s Layer 2, including languages like Rust, C, and C++. The tool promises interoperability between different coding languages and significant cost reductions in computational tasks, enabled through a dual virtual machine setup. The code and testnet for Arbitrum Stylus are publicly available, and Offchain Labs is actively seeking community feedback for future developments, including the possibility of adding more programming languages to further reduce fees. Description Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible smart contract development by supporting languages that can be converted to WebAssembly (WASM), such as Rust, C, and C++. Before the advent … Read more Offchain Labs has launched Arbitrum Stylus, a novel tool designed to expand the programming languages available for smart contract development on Ethereum‘s Layer 2 network. This initiative aims to democratize access to Ethereum-compatible…

    Article 2023年9月1日

  • SEC and Binance contest Eeon’s request to intervene in their lawsuit

    TL;DR Breakdown The United States SEC and Binance have jointly responded with to Eeon’s request to intervene in their lawsuit. Binance challenges CFTC’s jurisdiction in its ongoing lawsuit. Description The United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have jointly responded to a request for intervention from the entity known as “Eeon” in the SEC’s case against the exchange. The response, submitted to the U.S. District Court for the District of Columbia, cites several legal reasons for opposing Eeon’s intervention. SEC … Read more The United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have jointly responded to a request for intervention from the entity known as “Eeon” in the SEC’s case against the exchange. The response, submitted to the U.S. District Court for the District of Columbia, cites several legal reasons for opposing Eeon’s intervention. SEC and Binance question Eeon’s credibility in court Both the SEC and Binance argue that Eeon does not meet the necessary legal requirements for intervention and lacks the required consent from the SEC. The SEC claims that Eeon has…

    Article 2023年7月30日

  • Roger Ver hails Ethereum as the catalyst for crypto Adoption

    TL;DR Breakdown Roger Ver, famously known as “Bitcoin Jesus,” promotes Ethereum as a force of mass crypto adoption in the DeFi global ecosystem. Ethereum does not exist to provide a stateless alternative currency or an anonymous shadow economy. It simply provides neutrality. Ver also spoke on the recent Ledger debate, calling the controversial Recover service “disappointing.” Roger Ver made headlines for allegations of defaulting on debt in 2022. Despite its scaling issues and competition from layer-one clones, Roger Ver has commended Ethereum as the primary force behind worldwide crypto adoption. Speaking on the Show Me The Crypto podcast, Ver praised the development of layer-2 scaling techniques like Polygon MATIC and the rise of Ethereum.  Ethereum’s Growth and Scaling Solutions: Ver’s Perspective According to news reports, Roger Ver, a Bitcoin investor, asserted that Ether will be the main attraction for new users to crypto. Despite Ether’s scaling troubles and the numerous layer-one clones that have emerged in its aftermath, Ver, known as “Bitcoin Jesus” for his early support of bitcoin, claimed on a May 31 episode of the Show Me The…

    Article 2023年6月4日

  • Robert F. Kennedy Jr. criticizes SEC’s approach to crypto regulation, calls for change

    TL;DR Breakdown Robert F. Kennedy Jr., the U.S. presidential candidate, criticizes the SEC’s regulatory approach to cryptocurrencies, calling for the appointment of crypto-friendly individuals to the commission if he is elected. Under Chair Gary Gensler, the SEC has faced criticism for its enforcement-centric strategy and lack of regulatory clarity, with Coinbase taking legal action against the SEC and a congressman proposing the removal of the chairman. Kennedy highlights the advantages of Bitcoin, emphasizing its trustworthiness, democratic decision-making process, and intrinsic value while expressing concern that the SEC prioritizes banks over the interests of the American people. In a recent interview with TheStreet, U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) expressed his support for the cryptocurrency industry and criticized the Securities and Exchange Commission (SEC) for its regulatory approach. Kennedy, a well-known environmental attorney, and activist, emphasized the need for crypto-friendly individuals on the SEC Commission and accused the regulator of protecting banks rather than the American people. Kennedy, the nephew of former U.S. President John F. Kennedy and son of former U.S. Attorney General Robert F. Kennedy, highlighted…

    Article 2023年6月2日
TOP