During his speech at Bitmain’s Digital Mining Conference on Thursday, Miami Mayor Francis Suarez challenged the audience to “go out there and elect the next President of the United States to be a pro Bitcoin president.”
Mayor Suarez, a strong supporter of innovation, has used Bitcoin to change the public perception of Miami, giving it the appearance of a nascent Silicon Valley. During his speech, Suarez discussed how he has spent years working to integrate Bitcoin into the Miami “way of life.”
“The city of Miami has been dubbed the Bitcoin capital of the world by many,” he began.
Francis Suarez, the son of Miami’s first Cuban-born mayor, brings nonpartisan pragmatism to the Bitcoin community. Notably, Suarez made Miami the second government in the world to host Satoshi’s White Paper on its government website, and the first in North America. He has been working on getting Bitcoin on the city’s books. In the last year, Miami has seen massive job growth and innovation in the tech sector, thanks in part to his efforts.
Suarez’s ambition is to make Miami the most innovative city in the United States. As he stated in his speech, governments can sometimes assist in facilitating such innovation, but in the case of Bitcoin and disruptive technologies that are difficult or impossible to control, governments all too often try to obstruct innovation.
“Governments will lose control of Bitcoin,” Suarez warned the audience. “Losing control is not always a bad thing for governments,” he explained.
Suarez outlined three challenges for conference attendees to address in order to ensure a pro-Bitcoin regulatory future. The first challenge was to “learn how to simplify what is going on and explain it to a layperson.” The second task was to “learn how to message.” The third challenge was to “go out there and elect the next President of the United States to be a pro-Bitcoin president.”
Joe Biden has never explicitly mentioned Bitcoin in public. His administration is largely uninterested in Bitcoin and appears to have a fundamental misunderstanding of what it is. This becomes clear when we consider how the Biden administration has failed to distinguish Bitcoin from other centralized cryptocurrencies, revealing a general lack of any fundamental understanding of the currency.
What positions the Biden administration has taken on “crypto” and, presumably, Bitcoin appear to indicate that the administration misunderstands it to be primarily used for tax evasion, a years-old blatant mischaracterization perpetuated by those who claim Bitcoin is also used for money laundering and drug trafficking. The American Families Plan, proposed by Biden’s team, would address these illusory issues.
It is unclear who Mayor Suarez believes should replace Joe Biden as a pro-Bitcoin president, though Suarez himself or Senator Cynthia Lummis (R-WY) could be considered viable candidates. There were no such plans announced at the Bitmain conference, but the topic may be revisited at this year’s Bitcoin 2022 Conference in Miami.