Suarez postponed his presidential goal less than three months after joining the race.
Miami Mayor Francis Suarez has announced that he is withdrawing from the US presidential election, without giving an exact reason for his decision.
He is known as an outspoken supporter of bitcoin, having invested some of his fortune in the leading digital asset. Suarez also became the first US politician to be paid in BTC instead of fiat currency.
One of the crypto-friendly Republicans says it will end
Suarez revealed on X (Twitter) that he is no longer pursuing the goal of becoming the 47th President of the United States. However, he said his “commitment to make this country better for every American.”
The 45-year-old politician outlined some of the main problems facing America, including high inflation, high interest rates that are “punishing young Americans” and rising crime. He expressed hope that the Republican Party would find a suitable candidate who would overcome these problems and “inspire and unite the country”.
In addition, he emphasized the success achieved during his tenure in Miami. The unemployment rate for the financial center of Florida was 2.10% at the end of June. The city has also become quite attractive to developers and entrepreneurs thanks to the administration’s several initiatives focused on technological innovation and cryptocurrencies.
“I know that what we accomplished during my leadership of the City of Miami can be replicated in all communities across our great state. The next president must play an important role in restoring America’s cities to safety, prosperity and a better quality of life for all,” said Suarez. Francis Suarez.
Francis Suarez, Source: BNC News
In addition to spearheading Miami’s crypto efforts, the mayor is widely known as an ardent proponent of bitcoin. He became the first US politician to be paid in BTC and promised to do the same if he wins the 2024 presidential election.
His withdrawal from the campaign means Republicans have lost arguably their strongest crypto supporter. However, they still have Ron DeSantis (Governor of Florida), who promised to end Biden’s “war on bitcoins” and opposed the possible launch of a central bank digital currency (CBDC). Robert F. Kennedy is still in the game
While crypto-friendly presidential candidates may be one less in Suarez’s absence, many candidates from both parties have announced their support for the wealthy class.
One example is Robert F. Kennedy, who promised to introduce legislation to help the development of Bitcoin if he wins next year. He also said that his next government would implement the necessary regulations to prevent money laundering in the cryptocurrency industry, rather than applying rules that could hinder its progress. Kennedy, who has exposure to BTC, pledged to support the US dollar with “real limited assets” including gold, silver, platinum and bitcoin:
“My plan would be to start very, very small: maybe 1% of the issued bonds would be hard currency: gold, silver, platinum or bitcoin, and then depending on the results we will increase it every year. “
Like Governor DeSantis, he criticizes the digital dollar and suggests that the US government use such a financial product as “the ultimate mechanism of social control and surveillance”.