Four mayors of cities in the United States have already announced that they will receive their salaries in Bitcoin. Miami Mayor Francis Suarez set an example, followed by New York Mayor-elect Eric Adams, Mayor of Tampa Bay Jane Castor, and Jackson, TN, Mayor Scott Conger.
Bitcoin continues to rally and consolidate above the $60,000 mark. The popularity of the cryptocurrency is only growing stronger and now some politicians have decided to receive their paychecks in Bitcoin. Mayors of four cities in the U.S. have announced very strong support for Bitcoin.
On November 2, Miami Mayor Francis Suarez announced that he would be receiving his next paycheck entirely in Bitcoin. He stated that he will be the first American politician to accept his salary in cryptocurrency. “I’m going to take my next paycheck 100% in Bitcoin… problem solved,” tweeted Suarez in response to Anthony Pompliano’s tweet asking who would be the first U.S. politician to accept their salary in BTC. The mayor asked for the help of Miami's CIO Mike Sarasti.
New York Mayor-elect Eric Adams said on November 4 he would take his first three paychecks in Bitcoin and signalеd his intention to make his city thе "center of the cryptocurrency industry" aftеr he takes office in January. "In New York we always go big, so I'm going to take my first THREE paychecks in bitcoin when I become mayor," Adams wrote in a Twitter post. "NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!" The mayor-elect's tweet came in response to Suarez, who tweeted that he would take his first paycheck in Bitcoin.
November 5, Jane Castor, Mayor of Tampa Bay, Florida, announced during the Florida Bitcoin & Blockchain Summit, that she will start accepting her paycheck in Bitcoin. Jackson, TN, Mayor Scott Conger also followed up with colleagues and announced via Twitter on November 5 that even though state law forbids the city pay him with Bitcoin, he will follow the example of Suarez and Adams and instantly convert his next paycheck to Bitcoin.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.