Miami Mayor Francis Suarez, widely recognized for his support of cryptocurrency, has taken a significant step in his political career by filing the necessary paperwork indicating his intention to run for the presidency of the United States in 2024. With this decision, Suarez will enter a race that includes prominent figures such as former President Donald Trump and Florida Governor Ron DeSantis, who are also strong advocates for Bitcoin (BTC) and its potential.

According to documents made public by the U.S. Federal Election Commission, the official filing by Suarez took place on June 14. This formalizes his aspiration to lead the Republican presidential bid, adding further momentum to his political ambitions. To shed more light on his plans and discuss his presidential campaign in greater detail, Suarez is scheduled to deliver a speech at the esteemed Ronald Reagan Presidential Library in Simi Valley, California, on June 16.

Suarez’s interest in cryptocurrency and its transformative potential is no secret. In June 2022, he expressed his belief that Bitcoin could evolve into a global currency, underlining his forward-thinking approach to financial innovation. Notably, the Miami Mayor has even chosen to receive his salary in Bitcoin, demonstrating his commitment to the digital asset.

In addition to his vocal support for Bitcoin, Suarez has been actively involved in initiatives to integrate cryptocurrencies into Miami’s local economy. In January 2022, he played a pivotal role in the launch of “MiamiCoin,” a unique digital asset that residents of Miami can acquire through a digital wallet. By purchasing MiamiCoin, individuals can support their city and receive Bitcoin dividends, thereby incentivizing participation and fostering the growth of the local community and the broader cryptocurrency ecosystem.

As Mayor Suarez takes this significant step towards a potential presidential bid, his upcoming speech at the Ronald Reagan Presidential Library promises to provide further insight into his vision for the country and the role he envisions for cryptocurrencies in shaping the future of finance. With his extensive experience and passion for innovation, Suarez undoubtedly represents a noteworthy contender in the upcoming political landscape as he joins the ranks of other influential figures seeking to lead the Republican Party in the 2024 presidential election.