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Crypto Industry Welcomed by Miami and NY Mayors

Crypto Industry Welcomed by Miami and NY Mayors

As the prominence of cryptocurrencies grows each day, major cities in the US look to welcome digital assets with open arms.

With US-based exchanges such as FTX ramping up their notoriety in the mainstream idea, and racking up their investments in Miami’s Sports Arena naming rights and sponsorship deals, political figures are looking for potential opportunities in the crypto industry.

After re-election, the mayor of Miami Francis Suarez spoke to about turning "South Florida city into a global crypto hub." The mayor has been a crypto advocate for a while now and showed great interest in bringing the digital asset industry to Miami’s doorstep.

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He wrote to reporters about how the largest crypto exchanges could improve the livelihood of Miami residents, stating:

We’re watching established players in the crypto industry like FTX, eToro and lay anchor here, we’re watching startup activity explode here, and it’s all adding up to a resilient, diversified economy that not only delivers high-quality, high-paying jobs for our residents but also one that can withstand the economic shocks of the future.

While Suarez focused on the business side of crypto, mayor of New York Eric Adams, who has also been recently re-elected, told CNN reporters:

We must open our schools to teach the technology, to teach this new way of thinking…

Earlier in 2021, Miami had started the preparations of launching its own cryptocurrency, in collaboration with CityCoin, for the purpose of raising money "to fund infrastructure projects and events in the city."


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