Miami Mayor Francis Suarez, who was one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement on X (formerly Twitter), Suarez said that while running for U.S. president had been “one of the greatest honors of [his] life,” he made the decision to end his campaign and suggested he would support “a strong nominee” from the Republican Party. As mayor of Miami, Suarez made headlines in 2021 after announcing he would accept some of his paychecks in Bitcoin and supporting the MiamiCoin (MIA) token project. Along with longshot Democratic hopeful Robert F. Kennedy Jr., the Miami mayor was one of the few openly crypto-friendly candidates running in 2024.According to many recent polls, Florida Gov. Ron DeSantis trails behind former President Donald Trump for the Republican nomination for president. Trump did not attend the first party debate and faces both state and federal criminal charges related to his alleged role in attempting to overturn the results of the 2020 presidential election, which he lost to current U.S. President Joe Biden.The 2024 elections in the U.S. could change the way the government handles digital asset legislation. Democrats currently hold a slim majority in the Senate, but 34 seats out of 100 will be up for grabs in the next election. Members of the Republican Party have a majority of seats in the House of Representatives, but the fate of all 435 will be decided in November 2024. Miami Mayor Francis Suarez has announced he will be suspending his campaign for president of the United States in 2024. Suarez had been one of the few cryptocurrency-friendly candidates running for the position and made headlines in 2021 after announcing he would accept some of his paychecks in Bitcoin. According to recent polls, Florida Gov. Ron DeSantis trails behind former President Donald Trump for the Republican nomination for president. The 2024 elections in the U.S. could change the way the government handles digital asset legislation, with Democrats currently holding a slim majority in the Senate and Republicans having a majority of seats in the House of Representatives.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	Francis Suarez, Ron DeSantis, Joe Biden, Robert F. Kennedy Jr., Donald Trump
Companies	MiamiCoin (MIA), House of Representatives, Miami Mayor Francis Suarez, Republican Party, Donald Trump
Currencies	miamicoin, Ethereum, Euro, US Dollar, Bitcoin
Securities	None