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Miami mayor aiming for ‘the most progressive crypto laws’

Francis Suarez, who has served as the mayor of Miami since 2017, plans to make the city the most attractive in the United States for those in the crypto and blockchain industry.

 In an interview with Forbes published Sunday, Suarez stated that lawmakers in Miami were looking into the policies of crypto-friendly areas like Wyoming and New York in an effort to promote regulatory incentives for crypto and blockchain in Florida.  

Suarez stated:
 “[Miami is] making sure that we have the most progressive crypto laws. We want to make sure that we believe that if all things are equal, we win. So, we just want to equalize the playing field. We want to make sure that nobody has an advantage over us based on laws that are easily changeable.” 

Mayor Suarez did not describe the race to be the regulatory winner as a fight between lawmakers in other jurisdictions. Instead, he gave Wyoming “kudos for being smart” in attracting crypto firms, but added that “every city in America and in the world should be trying to grow its technology ecosystem.” 

“We’re working on making sure that our incentives are in place and that our legislation promotes crypto and blockchain and is forward-thinking.” 

As reported by Cointelegraph, Mayor Suarez did not provide a timeline as to when these actions may take effect for Miami’s 450,000 residents, but some in the crypto community have seemingly taken notice. Last week, Bitcoin 2021 announced it would be moving from Los Angeles to Miami for its June crypto conference. 

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