Miami's mayor says he's still taking paycheck in bitcoin

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Miami's mayor says he's still taking paycheck in bitcoin
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City of Miami mayor Francis Suarez said that he's still taking his paycheck in bitcoin despite the ongoing market volatility.

City of Miami Mayor Francis Suarez said that he’s still taking his paycheck in bitcoin despite the ongoing market volatility.Miami Mayor Francis Suarez said that he's still taking his paycheck in bitcoin despite the ongoing market volatility.Suarez, who leads the U.S. Conference of Mayors, first said just over a year ago that he’d become the first American politician to take his official salary in bitcoin, announcing the plan just days before the all-time high of $68,789.

He struck an optimistic tone at a conference on Tuesday, telling a crowd that it was time to capture the moment and innovate in the wake of the high-profile collapse of the FTX crypto exchange. "If the leaders who now emerge from this winter come together and help lawmakers find the right regulatory benchmarks to make sure that this technology helps people, raises democratizing investment and wealth creation opportunities, and doesn't hurt people and rob them of their hard-earned savings," Suarez said, calling for a collaborative approach for regulation."There's a lot of learning that needs to happen.

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