Francis Suarez, the mayor of Miami, has withdrawn from the US Presidential race without providing an exact reason. He is known for his outspoken support of bitcoin and has invested some of his wealth in the digital asset. Suarez also became the first American politician to receive his salary in BTC instead of fiat currency.In a statement on Twitter, Suarez said that his commitment to making the US a better nation for every American remains. He outlined some of the main problems of the US, such as high inflation, elevated interest rates, and the rising crime level. He also highlighted the success achieved in Miami during his tenure, such as the city’s low unemployment rate.Apart from leading Miami’s crypto efforts, Suarez is widely known as a keen advocate of bitcoin. He had vowed to receive his salary in BTC should he win the 2024 Presidential elections. His withdrawal from the campaign means the Republicans lost their arguably strongest crypto proponent.However, there are still plenty of candidates from both parties who have declared their support toward the asset class. One example is Robert F. Kennedy, who promised to introduce legislation that aids the development of Bitcoin should he emerge victorious next year. He also pledged to back the US dollar with “real finite assets,” including gold, silver, platinum, and bitcoin. Kennedy is a critic of the digital dollar, suggesting the US government could use such a financial product as an “ultimate mechanism for social surveillance and control.”

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	Francis Suarez, Robert F. Kennedy
Companies	Binance, Republican party, PrimeXBT, US Presidential race, US government
Currencies	Ethereum, US Dollar, Gold, Bitcoin, Silver
Securities	None