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Miami Mayor 'Exploring' Ideas in Crypto Governance
Mayor Suarez is open to everything from blockchain voting to tokenization.
By Danny Nelson
Updated Sep 14, 2021, 10:48 a.m. Published Dec 24, 2020, 6:40 p.m.
Miami Mayor Francis Suarez may try to turn his city into a hotbed for cryptocurrency innovation.
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Suarez tweeted Thursday that he is "absolutely exploring" making Miami, the seventh-largest city in the U.S., home to the country's first crypto-centric municipal government, seemingly endorsing concepts from tokenization to on-chain voting. He tagged new city resident Anthony Pompliano, founder and partner of Morgan Creek Digital and a crypto Twitter celebrity, for help.
Absolutely exploring that @APompliano @GrapefruitTrade https://t.co/mbpbSMkfEI
— Mayor Francis Suarez (@FrancisSuarez) December 24, 2020
In a subsequent tweet, Suarez said he wants South Florida "on the vanguard of legislation that promotes crypto and makes us forward-leaning on innovation." He said he'd reach out to Wyoming's blockchain doyenne, Caitlin Long, for assistance on that front.
Suarez has been pushing recently for Silicon Valley discontents and hopeful tech startups, fed up with California's taxes and regulations and particularly San Francisco's crime-ridden and feces-covered streets, to move to Miami. The crypto angle may well be the latest strategy of that bid.
Earlier Thursday, Suarez appeared to buy into bitcoin's growing appeal as an alternative investment with a tweet on Ben Mezrich's book about the Winklevoss twins, "Bitcoin Billionaires."
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Crypto Markets Today: Bitcoin Rises, but Risk Appetite Remains Weak
Crypto prices are little changed, with bitcoin steady after dropping back from last week’s post-Fed high while altcoins continue to underperform amid risk-off sentiment.
What to know:
- BTC rebounded from Sunday’s $88,000 low to around $89,900, though it remains well below the $94,300 it hit after the Fed’s 25 basis-point rate cut.
- More than half of the top 100 tokens are lower over 24 hours, with the CoinDesk 20 up just 0.16% and the broader CD80 down 0.77%, underscoring altcoins' continuing underperformance.
- Sentiment has slipped back into “extreme fear,” altcoin season indicators remain depressed, and bitcoin dominance continues to climb, reflecting investor preference for larger-cap assets.
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