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Miami mayor declares he will take next paycheck in Bitcoin

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by Gauri Bhatia
3 November 2021
Miami mayor declares he will take next paycheck in Bitcoin
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Francis Suarez, the Mayor of Miami, announced on the 3rd that he will receive his next paycheck 100% in Bitcoin. The move has led Suarez to become the first US politician to accept their salary in cryptocurrency.

The mayor’s move came in response to a tweet by Anthony Pompliano, a popular investor and crypto-proponent, where he asked, “Who is going to be the first American politician to accept their salary in bitcoin?”.

I’m going to take my next paycheck 100% in bitcoin…problem solved! @Sarasti can you help? https://t.co/v4YdPZ0tYc

— Mayor Francis Suarez (@FrancisSuarez) November 2, 2021

Suarez replied to the tweet saying that he will accept his next paycheck entirely in Bitcoin. In his tweet, he asked Mike Sarasti, the city’s director of innovation and tech, to help with his new initiative.

Already sent over @ln_strike link to register. My experience receiving a portion of my pay last week went flawlessly. And Mayor already scaling my "pilot" to 💯 allocation. Boss move.

— Mike Sarasti (@Sarasti) November 2, 2021

In February, the city of Miami passed a resolution allowing employees to be paid in Bitcoin. Mayor Suarez appeared on a Bloomberg show on October 13 and said that Miami has been working towards paying city workers in Bitcoin. He has been lobbying to allow taxes and fees to be paid in Bitcoin along with enabling the city to hold Bitcoin as a financial asset.

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Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

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