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?”.
— 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.