Pro Bitcoin Presidential Candidate Francis Suarez Ends Campaign
The pro-Bitcoin mayor of Miami and the 2024 Republican Presidential Candidate, Francis Suarez, announced the end of his campaign. The news comes just days after Suarez announced that he would accept a salary in Bitcoin if he’s elected President of the United States.
Also Read: US SEC Commissioners Not Happy Over Impact Theory NFT Charges
Strong Bitcoin Supporter
Suarez has been very vocal about his support for Bitcoin, and it was evident as he accepted donations in Bitcoin for his Presidential Campaign, making him one of the first few to support the oldest cryptocurrency openly. He was also equally vocal about his dislike for CBDCs and publicly against the development of CBDCs. In 2021, he made news by stating he would receive his entire paycheck in Bitcoin.
He positioned himself as a proponent of blockchain technology and its potential to bridge the wealth gap. According to him, cryptocurrencies offer democratizing opportunities for wealth creation; This aligned with his broader theme of inclusive prosperity aimed towards uplifting Hispanic communities.
What Led To Francis Suarez Exit From Presidential Candidacy?
Despite making a strong case for a competitive candidate, Suarez did not meet the qualifications of the Republican National Committee for the primary debate. Suarez suspended his campaign as he didn’t secure a spot on the debate stage. Also, the Republican Candidate list includes heavy hitters like Florida’s Governor Ron DeSantis and the multi-millionaire Vivek Ramaswamy, who has received support from the likes of Elon Musk.
Besides, the Democratic Presidential Candidate pool also consists of former U.S. President Donald J. Trump, who enjoys massive popularity not just in the US but also across the world. In some occasions Trump NFTs have surged by 400%, and all the controversy he’s embroiled in has only gained him more staunch supporters.
Suarez’s candidacy highlighted the growing significance of cryptocurrencies in American politics. His support for Bitcoin and blockchain technology showcased that many within the ranks of the U.S. government recognize the potential of blockchain. Despite ending his Presidential candidacy, Suarez has built a legacy that will inspire other political figures to embrace cryptocurrency and blockchain. He will always be remembered in the crypto community for his pro-crypto stance.
Also Read: Donald Trump’s Surprise Return to X Fuels Surge in Trump NFT Sales
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
