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Miami’s Suarez Takes Helm at Mayors Group With Pro-Crypto Pledge

  • Suarez took helm of U.S. Conference of Mayors Monday
  • Mayor is known for courting tech workers, promoting Bitcoin
Miami Mayor Francis Suarez speaks during the Bitcoin 2021 conference.
Miami Mayor Francis Suarez speaks during the Bitcoin 2021 conference.Photographer: Eva Marie Uzcategui/Bloomberg
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Miami Mayor Francis Suarez took over as head of the U.S. Conference of Mayors Monday, pledging to promote innovation and proposing that cities sign on to a “crypto compact.”

Suarez, who has courted technology workers and embraced Bitcoin as mayor, said that cities should proactively fight for a crypto regulation that “embodies success” instead of turning the burgeoning industry away, citing China as an example of the latter.